Rare Suburban Industrial Investment – Modern Freehold Holding
Colliers is pleased to present 146 Somerfield Street, Somerfield, a rare opportunity to secure a quality suburban industrial freehold investment in an exceptionally tightly held location.
This modern tilt-slab property is home to long-term tenant Mark Herring Lighting, with the building comprising a well-appointed multi-level office and showroom complemented by a practical warehouse component. The property offers investors diversified income, with two additional long-term car parking rental agreements providing supplementary revenue streams.
Adding further appeal, the property is located within the Local Centre Zone, providing investors with future flexibility and potential alternative use options, subject to Christchurch City Council requirements. This favourable zoning enhances the long-term strategic value of the asset and may provide a range of opportunities beyond its current use. Prospective purchasers are encouraged to undertake their own due diligence on this zoning.
Commercial and industrial investment opportunities in this established suburban precinct are seldom available, making this an attractive proposition for investors seeking a secure income producing asset with future upside.
With suburban industrial investments of this calibre rarely coming to market, early interest is strongly encouraged. Contact the sole agents today to receive the Information Memorandum or arrange an on-site inspection.
For Sale by Asking Price $1,250,000 + GST (if any).
*Boundary lines are indicative only.
Features:
- 859sqm freehold title
- Modern tilt slab building
- Multiple income streams
- Annual income $73,680 + GST and OPEX pa
- Popular suburban location
- Rare commercial opportunity
More information: https://www.colliers.co.nz/p-NZL67041950
