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Christchurch Central

30 Manchester Street, 12-20 Eaton Place and 15A and 15B Mortimer Place, Christchurch Central, Christchurch

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1,260sqm Floor area
4,270sqm Land area SQM

For Sale by Negotiation

Quality tenanted investment with global brand


• 100% leased providing attractive cashflow of $399,250pa net + GST
• Strong lease covenant with 3% fixed annual growth
• Prime positioning within the CBD
• Significant land holding on offer with a total land area of 4,270sqm (more or less) across six titles
• Compliant and highly specified building

Centrally located and part of a larger portfolio sale across New Zealand, the properties consist of an architecturally designed vehicle dealership complemented by an exceptional prime land holding.

Set over two levels totaling 1,260sqm (more or less) floor area, 30 Manchester Street is home to the well known, established global vehicle brands, LDV and Ssangyong.The property consists of high profile showroom, office, large sealed parking and vehicle servicing in the rear of the building.

It doesn't stop there however, directly across the street at 12-20 Eaton Place and 15A and 15B Mortimer Place, 1,688sqm (more or less) land area across four titles is also leased by the tenant and included in the sale.
Many working professionals call the central city home with a large increase in residential townhouse and apartment construction underway nearby, growth is anticipated to continue rapidly over the coming years in the locality.

To obtain copies of all supplementary documents, please register your details at https://www.propertyfiles.co.nz/dealershippropertiesltdportfolio

Ryan Kerr

Ryan Kerr

Investment Sales and Leasing

Whalan and Partners Ltd, Bayleys,
Licensed under the REA Act 2008
Andrew Smith (Wellington Commercial)

Andrew Smith (Wellington Commercial)

Commercial and Industrial Sales and Leasing

Capital Commercial 2013 Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Anchor tenants


Christchurch Ssangyong and Christchurch LDV as tenants

Zoning


Commercial Central City Mixed Use zone

Location


Boasting a prime position near Christchurch’s main arterial routes

Prime frontage


Intersection of Manchester Street and Eaton Place

Have your questions answered

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