Large scale industrial investment


2 Matipo Street, Riccarton

By Negotiation

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Large scale industrial investment | 2 Matipo Street, Riccarton | 554185 |      X Close
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Large scale industrial investment


- 8,501sqm food processing and cool storage facilities

- 1.625 ha prime central location close to railway and main arterial routes

- $400,000 existing investment income

- Opportunity to add value with 50% net lettable occupied

This significant land holding with food processing facilities and cool storage, offers an exciting blend of income and opportunity. Annual rental is approximately $400,000 or approximately 50% of net lettable by assessed value. The opportunity is truly unique. Formerly a food processing site there was a permit to take and use ground water to a volume not exceeding 2,592 cubic metres per day (approximately 950m litres/annum). New owners may need to re-apply to utilise these rights.

This is an outstanding opportunity to land bank in a prime location with investment income.

Jeremy Speight

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 655 5647
Office: +64 3 375 4700
jeremy.speight@bayleys.co.nz
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2 Matipo Street, Riccarton

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Jeremy Speight

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 655 5647
Office: +64 3 375 4700
jeremy.speight@bayleys.co.nz
View profile