Unit 3/33 Connal Street, Woolston, Christchurch

Tenanted Investment

* Entry level investment property
* Long standing tenant
* Rental $23,000 pa plus OPEX plus GST
* Lease renewal 2018
* Final expiry 2022
* Rent reviews 2016 and if renewed, 2018 and 2020
* Flexible building layout
* Industrial Heavy zoning under Proposed plan (B4 under operative plan)

Here is an outstanding investment opportunity for investors looking for a smaller industrial investment. The tenant has been operating from the property for many years and has installed considerable value in tenant improvements. With stringent food production regulations and the tenant improvements there is little incentive for the tenant to move on.

While the building is being used for food production, the layout can easily be reconfigured for alternative uses in time.