Leased Investment - Christchurch

NAI Harcourts Grenadier are pleased to offer for sale Unit 17, 114 Saywers Arms Road, Papanui. Positioned within a popular gated complex in a well established industrial precinct close to Northlands Mall and Northlink Shopping Centre.

Home to its current tenant, Compass Global Logistics, for the past 14 years the property is offered to the market for the first time in over a decade by its long term investment owners.

The recently renewed lease term of 3 years is currently returning $45,525 p.a. + OPEX + GST and has built in rent growth with an agreed lift in August next year.

This unit offers a functional mix of warehouse space with container height door, ground and first floor office areas with abundant natural light.

Property Highlights:

• High performing Christchurch location
• Long term established tenant
• Adaptable business space with good sun and natural light
• Planned rent growth

This property presents an excellent opportunity to secure a functional, well-located and soundly leased industrial property to add to an existing or start building your commercial investment portfolio.

All areas are estimated only and are non-verified, tenants must make their own enquiries and seek expert advice.

To arrange a time to view or discuss the property please contact:
Craig Edwards on 027 434 4245 or craig.edwards@naiharcourts.co.nz
Craig Andrews on 022 046 5945 or craig.andrews@naiharcourts.co.nz

$799,000 plus GST (if any)

To download Property Files click the link below, register your details and you will be sent an email with the files to view and download.
https://www.propertyfiles.co.nz/property/L42076064