Owners Demand A Sale


19 Sheffield Crescent, Russley

By Negotiation

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Owners Demand A Sale | 19 Sheffield Crescent, Russley | 550385 |      X Close
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Owners Demand A Sale


* Disregard all previous price indications - property must be sold

* Multiple tenancy options - each level is self-contained

* High profile corner site with a land area totalling 5,810sqm

* Earthquake repairs completed - office towers 75% NBS, Atrium 65% to 70%

Seldom does the opportunity arise to purchase an architecturally designed, three level office building in this sought after location, for considerably less than market value.

Christchurch is experiencing a strong supply of new commercial builds, however not all companies can afford these new rental rates - there is an untapped market for more affordable office rental space. With a price expectation well below market value, simple refurbishments of a mainly cosmetic nature will result in the required rental rates for this versatile building being well below other surrounding market rentals.

With a building area totalling an impressive 2,730sqm, the property is comprised of two separate, three level office towers and an expansive atrium with well-appointed function areas and a commercial kitchen. Nicely landscaped grounds incorporate a total of 45 parking spaces (with an additional 23 parks leased from adjoining property).

Currently vacant, the building will suit a range of purchasers from owner occupiers looking for a substantial, high profile site for their business, through to investors / developers looking at refurbishing the building.

19 Sheffield Crescent, Russley

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