Tenanted industrial property with growth potential


50 - 54 Leeds Street, Phillipstown

Private Treaty

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Tenanted industrial property with growth potential | 50 - 54 Leeds Street, Phillipstown | 559396 |      X Close
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Tenanted industrial property with growth potential


Deadline Sale

4pm Thur 28 March 2019.

Long standing tenants don't get much better than window manufacturing business Altherm who have occupied this site in Central Christchurch since at least the early 1980s. Having expanded to occupy three adjoining titles, the longevity of the business in this location is a testament to the functional performance and adaptability of these buildings and the success of this strategic central location.

Being an older property on three titles his property has plenty of potential to add long term value through enhancements to the buildings or potentially breaking up the various titles, the choice is yours.

Land Area - 2,155sqm more or less

Building Area - 1,626sqm more or lease

Car parks - 13 on site

Tenant - Altherm Aluminium Canterbury 1984 Ltd

Net Rental - $147,392pa + operating expenses + GST

Next Rent Review - 1st February 2021

Next Renewal - 1st February 2023

Zone - Industrial General

For further information about the property sign into Property Files and visit http://www.propertyfiles.co.nz/property/251000002

Please call the sole agents, Craig Edwards and Greg Mann for more information or to arrange an inspection.

50 - 54 Leeds Street, Phillipstown

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