National Tenant Covenant, Split-Risk Income

CBRE is pleased to present 82 Byron Street, Sydenham, Christchurch for sale.

Positioned within one of Christchurch's most established industrial precincts, this freehold investment offers diversified income from two tenancies across a substantial warehouse, showroom and office complex.

The property generates annual rental income of $114,000 + GST, underpinned by the ground floor occupancy of Ideal Panel & Paint, a New Zealand automotive repair and refinishing business operating multiple locations across Auckland and Christchurch. The Christchurch facility forms an important part of the company's South Island presence and services numerous vehicle dealerships and automotive retailers throughout Canterbury.

Situated on a 934sqm* freehold site with approximately 813.7sqm* of improvements, the property occupies a strategic Sydenham location with excellent access to Christchurch CBD, Moorhouse Avenue and key transport routes.

Further enhancing purchaser confidence, independent Detailed Seismic Assessments have been completed for both buildings, confirming ratings of 70% NBS for the front Nissan Hut building and greater than 75% NBS for the rear warehouse building.

This is an opportunity to secure a well-located industrial investment combining national tenant strength, split-risk income and long-term upside in one of Christchurch's most sought-after industrial locations.

Investment Highlights:

• Returning $114,000 pa + GST
• National tenant with operations in Auckland & Christchurch
• Dual income stream from two tenancies
• 70% NBS (front building) and >75% NBS (rear building）
• 934sqm* freehold site
• 813.7sqm* warehouse, showroom & office building
• Strategic Sydenham industrial location

For further information and to arrange a viewing, contact the sole agents, Chengyang Zhang on 021 387 167 and Paul Brown on 021 386 069.

*Approx.