Owner occupy, invest or develop

A rare opportunity to secure 1.6379 hectares of Industrial Park-zoned land in Christchurch's rapidly growing southwest industrial precinct.

55 McTeigue Road offers a unique combination of existing income, vacant yard area and future flexibility, appealing to investors, owner-occupiers, contractors, transport operators and developers alike.

Approximately 9,000sqm of yard is currently leased, generating approximately $260,000 + GST net per annum, while the balance of the site remains available for occupation, additional leasing or future development opportunities.

The property offers flexible occupation options, providing purchasers with the ability to retain existing income, occupy part or all of the site, secure additional tenants or investigate future development opportunities to suit their own requirements.

Strategically positioned alongside the Christchurch Southern Motorway, the property benefits from excellent connectivity, secure fencing, power and water services, and exposure to one of Christchurch's fastest growing industrial and residential catchments.

Property highlights:

• 1.6379ha Industrial Park-zoned site
• Returning approximately $260,000 + GST net p.a.
• Existing income with future upside
• Power and water connected
• Potential for further leasing or development (subject to approvals)

Property Files Link: https://www.propertyfiles.co.nz/5530714

For further information or to arrange an inspection contact the sole agent