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Industrial Buildings

Burnside Christchurch City 8041

Sold for $625,000 on 22 Mar 2024
  • Building: 448m²
  • Land: 1,077m²
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Industrial Buildings in Burnside

Investment "As is Where is" Warehouse with Yard

  • Building: 448m²
  • Land: 1,077m²

On offer is a handily located warehouse in the popular north west and in close proximity to the Christchurch International Airport. The large land area of 1,077m2* provides good yard and parking areas and also underpins the value of the property.

Fully leased, the well-established Tenant is entrenched in the area and has occupied the neighbouring building for 32* years and this building for 18* years. Rental returning $54,125pa + GST + outgoings.

It is advantaged by having dual street access from Holt Place and Wairakei Road, providing the convenience of easy drive-thru access. The property is comprised of first floor offices of 55.8m2*, low stud storage of 30.0m2* and warehouse of 362.2m2*. Total building area of 448.0m2*.

The neighbouring property is also available for sale as an investment and can be purchased together or separately. (Note: there is an issue with one of the walls so is to be sold on an "as is where is" basis. For further information on this, please talk to Paula.)
(* approx.)

Call sole agent Paula Raine 027 221 4997 for further an information pack and to arrange a viewing.

SOLD

Property ID:

CCM31030

Building:

448m²

Land:

1,077m² / 0.26 acres

Zone:

IG (Industrial General)

Tenancy:

Tenanted

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

* 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

Burnside, Christchurch City