Office Building for Sale

Addington Christchurch City 8011

By Negotiation + GST (if any)Play Video

Building: 1,927m²
Land: 4,336m²

Contact the agent if you'd like further information.

Enquire with Agent

Office Building for Sale in Addington

Investment - A Real Front Runner!

Building: 1,927m²
Land: 4,336m²

Next Steps:

Enquire with agent

Fully leased, contemporary, standalone, A-grade office building, architecturally designed by Sheppard & Rout and overlooks all the action at Addington Raceway.

This prestigious three level office building with a lettable area of 1,927.30m2* is energy efficient, high spec'd, with flexible floor plates and separate amenities on each floor. Large windows allow for light filled offices and spectacular views over the parklike setting of Addington Raceway and up to the Port Hills.

Well leased to an International Tenant for a renewed 6 year term from January 2020 plus a further right of renewal of 6 years. In addition 168m2* of land is leased to Vodafone for 6 years from May 2021 plus a further right of renewal for 6 years. Total passing rental is $638,240.17pa* + GST.

This desirable city fringe location provides easy access to the CBD, Southern Motorway and main arterial routes. Excellent profile and surrounded by other quality businesses.

Your investment is also well underpinned by being on a large land area of 4,336m2 providing the Tenant with the advantage of having 82 onsite car parks. Note: The lease also includes an additional 80 car parks leased next door (total 162 car parks). Therefore it would be very difficult to replicate all of these generous benefits and features that the Tenant currently enjoys elsewhere.
(* approx.)

Call Paula Raine 027 221 4997 for an information pack and to book your viewing.

Sale: By Negotiation + GST (if any)

Property ID:

CCM30255

Building:

1,927m²

Land:

4,336m² / 1.07 acres

Zone:

CO (Commercial Office)

Tenancy:

Tenanted

Next Steps:

Enquire with agent

Share:

Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply