61-67 Kingsley Street, Sydenham, Christchurch

Sydenham - Investment + Development Opportunity

Auction
3 Deans Ave, Addington
12pm, Thurs 21 Oct 2021

Rarely do opportunities like this come available!

Spread across three freehold titles 61 - 67 Kingsley Street totals 1,718sqm approx. of industrial general land.

The new owner has the ability to plan the redevelopment or strengthening of the site while getting income from the existing tenant.

Christchurch Metal Finishers Limited are the current long term established tenant whose current term ends September 2022 and have a right of renewal for a further three years.

61 - 67 Kingsley Street has been deemed earthquake prone at 31% NBS and will be sold on an "as is" basis, notification was given by the council in 2017 highlighting that the building must be strengthened by 2037.

Please note the current owner is not GST registered so the property will be sold inclusive of GST.

Features:
• 1,718sqm in three freehold titles
• 1,300sqm approx. of floor area
• $52,000 + outgoings of rental income
• Centrally located - a stone's throw from the CBD
• 31% NBS (to be fixed by 2037)

For more information on this property, please copy and paste the following link into your search bar: https://www.propertyfiles.co.nz/property/5516397

Contact sole agent for further details.