Offered to the market for the first time in 23 years, 1/10 Vulcan Place presents a rare opportunity to secure a well-established industrial investment in Christchurch’s highly regarded Middleton precinct.
The property comprises approximately 333 sqm of building area, configured as 190 sqm of warehouse space, 143 sqm of office and seven on-site car parks.
Leased to Farrell Construction, a long-standing tenant who has occupied the premises since 2012. The current rental is $62,005.07 + OPEX + GST per annum, with market rent reviews on each renewal date and CPI rent adjustments.
Strategically located in Middleton, the property enjoys excellent connectivity to Blenheim Road, Annex Road, Birmingham Drive and State Highway 73, with the CBD, Christchurch Airport and key freight corridors all within easy reach.
With a secure, long-term tenant, secure rental income and a 23-year ownership history, 1/10 Vulcan Place offers a straightforward industrial investment in an established location.
For sale by enquiries over $875,000 + GST (if any).
Contact the Sole Agents today for more information or to arrange a viewing.
*Boundary lines are indicative only.
Features:
- Returning $62,005.07 pa + OPEX + GST
- High demand location, with strong tenant appeal
- Long standing tenant of 14 years
- At least 70% NBS as per vendor supplied seismic assessment
- 7 car parks
- Industrial Heavy Zoning (IH)
- First time being offered to the market in 23 years
More information: https://www.colliers.co.nz/p-NZL67042281
