Positioned on the eastern end of Cashel Street, this office/warehouse property presents a compelling tenanted investment opportunity in Christchurch’s evolving inner city. The location provides convenient access to the CBD and surrounding commercial precincts, with the nearby Te Kaha Stadium further contributing to the continued growth and activity in the area.
Situated on a freehold 753 sq m title, the property comprises a welcoming reception area, multiple offices and meeting rooms, staff amenities, and a secure warehouse, providing secure car parking.
The property has been fully refurbished, including new bathrooms, toilets, LED lights and the installation of a new fresh-air ventilation system, enhancing the overall working environment and ensuring a modern, comfortable workspace for occupants.
The property is fully leased to Millworks Limited, a well regarded shared office space provider on a 6 + 6 + 6 year lease, providing investors with strong income growth and the backing of a reputable parent company.
This represents an excellent opportunity to secure a centrally located, income-producing office/warehouse investment within Christchurch’s inner-city commercial precinct.
Contact the sole agents for more information or a viewing.
For sale - by negotiation
*Boundary lines are indicative only.
Features:
- Engineering report available
- Brand new 6 year lease
- Annual 2.5% increases 3 yearly to market
- Net lettable area 800 sq m
- Tightly held central location
- Fully refurbished
- Strong reputable tenant
- Strong surrounding amenity
- North facing
More information: https://www.colliers.co.nz/p-NZL67039489
