Tenanted Industrial Investment Opportunity
A sizeable industrial investment opportunity has now become available to purchase within Christchurch's heavy industrial area, Sockburn. This area has easy access to Christchurch's new Southern Motorway, Blenheim Road and into the City.
The tenants Wasteco NZ Ltd are significant players in the recycling industry and have put in place a 6 year lease commenced 25 October 2021 plus ROR. More Information on Wasteco can be obtained by searching https://Wasteco.co.nz. Personal guarantees are in place along with condition reports at the commencement of the lease. The net rental is $339,000 plus opex plus gst.
The building has been the home of Vulcan Steel until recent years following which the owners embarked on a significant strengthening upgrade and office fit out. The building has now achieved 67% NBS.
The building comprises 3,236 sqm of high stud drive through warehouse plus 249 sqm of air conditioned offices, all located on 5,529 sqm of land.
This freehold offering is available for sale via a Deadline Sale closing at 4.00 pm Friday 26 November 2021 (unless sold prior). The vendor is invites offers over $6,000,000 plus gst.
For further information contact the sole agent.
It should be noted that by virtue of a family estate the listing agent has an interest in the vendors company.