Rare 'Add Value' Opportunity


202 Annex Road, Middleton

By Negotiation

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Rare 'Add Value' Opportunity | 202 Annex Road, Middleton | 555711 |      X Close
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Rare 'Add Value' Opportunity


Are you looking for a quality industrial 'add value' opportunity? This fantastic property is a must to secure and has provided an excellent investment vehicle for the past 25 years to current vendors.

The prime Middleton property allows you two options; to either relocate your business or re-tenant the front portion of the property, with both options taking advantage of a healthy holding income from the established tenant operating in a separated rear portion of the property (comprising approximately 360sqm of floor area).

The front portion's floor area is approximately 460sqm warehouse, 275sqm office/amenities with 10 car parks. The property, including the adjoining owned building on Vulcan Place, enjoys shared ROW access/egress to both Annex Road and Vulcan Place on a 999 year leasehold title.

- Southern highway exposure with drive-through access

- Generous yard area

- $28,311 pa plus GST and Outgoings holding income

- Full Market rental appraised at approximately $110,000 pa plus GST and outgoings

Contact the sole agent for your viewing today.

Nick O'Styke

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 696 9801
Office: +64 3 375 4700
nick.ostyke@bayleys.co.nz
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Nick O'Styke

Christchurch

Licensed under the REA Act 2008

Mobile: +64 27 696 9801
Office: +64 3 375 4700
nick.ostyke@bayleys.co.nz
View profile