Description
A unique opportunity to secure a prime investment in a superb central location, coming on the market for the first time in over 30 years.
This freehold property is being offered for sale with multiple tenancies. An ideal option for owner-occupiers, investors and developers. The functional buildings and excess yard area are ideal for an owner occupier, plus the site has redevelopment potential, now or in the future.
The property is well located in Addington on a high profile site on Clarence Street South with legal access onto Walsall Street. It comprises a mixed office and warehousing accommodation. The main warehouse building is approximately 2800 sqm which has been converted into a Theatre with sealed yard for over 110 car parks, the smaller warehouse is approximately 990 sqm and a single level office building of approximately 390 sqm with 23 car parks.
The main warehouse has multiple roller doors and a high stud height of 6.04 metres. It has had numerous improvements by the current owner including a large portion being re-roofed.
This impressive investment offering to the market will suit a range of investors nationwide with a A-grade tenants and sizeable land holding in a prime location. The main warehouse building has a seismic rating of 71%NBS.
All these on a 20,061 sqm land with a generous yard area of approximately 6,800 sqm as well as 3650 sqm surplus land southeast of the property.
Features:
- Prime site with dual access on 5 Freehold titles
- Seismic rating 71% NBS (Main Warehouse)
- Land area approximately 2.0061 hectare
- Combined building area approximately 4,200 m²
- Zoned Commercial Mixed Use
- Multiple tenancies
- Net Rental approx. $300,000 plus GST
- Fully fenced site
- Generous yard area
The property is for sale by Deadline Private Treaty: closing 4pm, Friday 16 April 2021 (unless sold prior).
*Boundary lines are indicative only.
Call the Sole Agent to request a copy of the Information Memorandum and/or to arrange an inspection.
Inspections strictly by appointment.
DEVELOPERS’ DELIGHT LAND HOLDING WITH INCOME - 36 Clarence street south, Christchurch
