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Russley

19 Sheffield Crescent, Russley, Christchurch

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2,730sqm Floor area
5,810sqm Land area SQM

By Negotiation

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.

George Phillips

George Phillips


Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Angela Webb

Angela Webb


Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Must be Sold


Disregard All Previous Price Indications

Profile Location


On the corner of Sheffield Crescent and Sir William Pickering Drive

Untapped potential


2,730sqm of office space - multi-tenant opportunities