City Fringe Office Building – Vacant Possession (7%*)

If you are looking to own and occupy your own office building on the fringe of Christchurch’s CBD, then 14-2 Barry Hogan Place, Riccarton is a must see. Priced competitively at a cap rate of 7% on the market valuation rental, you will not find better value for money.

Positioned in the centrally located and highly sought Workstation Business Park sits the former Hawkins building, available with vacant possession immediately.

In occupation since 2007, Hawkins carried out significant internal extensions and alterations in 2012/2013 to greatly enhance the premises to a corporate standard. The double height atrium with polished concrete featuring flooring is an impressive entrance and could easily be opened up into a larger showroom area if required. The tidy offices are over two levels and provide for a mix of open plan and partitioned areas.

The bright warehousing, with container height roller door access at the front, has a mix of high and lower stud areas and is ideal for storage or production. A roller door also leads to the neighboring rear yard which is circa 1134sqm in size and is owned by Kiwirail; this yard area may be available for lease on a long term basis.

Vendors valuation areas:

• 20 car parks onsite
• 496.30sqm warehouse
• 665.60sqm office

Asking price $2,950,000 + GST (if any).

Market rental valuation: $206,889 + Outgoings + GST

*Boundary lines are indicative only. **The area outlined in red is additional yard space available to lease from KiwiRail.

Features:

• Quality office with vacant possession
• Corporate style fit-out
• Central location of Middleton, just minutes from the CBD
• Excellent onsite car parking
• Large yard at rear available for lease
• Ready to move straight in

More information: https://www.colliers.co.nz/p-NZL67040649