200 Annex Road, Middleton, Christchurch

Solid multi-tenanted Industrial investment

SOLD UNDER THE HAMMER

- Returning $102,250pa plus GST and outgoings
- Excellent central location - just five minutes to Christchurch CBD
- 70% NBS

200 Annex Road provides conventional affordable warehouse and office accommodation to three separate tenancies, within one property.
Presently two of the units are leased by quality long standing tenants, with the third unit now vacant (being sold with the full benefit of market rental underwrite from the date of settlement).
Multi-tenanted, affordable investments in this location rarely come available for sale, and a change of our vendors position allows this fantastic opportunity.
Astute purchasers will recognize that this property is low maintenance, being constructed primarily by concrete and steel, and that industrial vacancy levels are acutely low in this prime location (sub 1%) , and for tenants/businesses requiring close proximity to the CBD, Greenfields land is also virtually non-existent. All great indicators for a solid investment for years to come!
Take advantage of healthy returns from three sources of income, totaling $102,250pa - call Nick today for your Information Memorandum - you will be glad you did.