Investment Income and Water Rights
2, Matipo Street, Riccarton, Christchurch City
- Proposed Usage
- Floor Area
- 8501.00 m²
- Land Area
- 16249.00 m²
- Property ID
- Investment income and new business opportunity
- Water permit: 2,592 cubic metres per day
- 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. Negotiations are underway to lease more warehouse space. The opportunity is truly unique. Formerly a food processing site there is a permit to take and use ground water to a volume not exceeding 2,592 cubic metres per day (approximately 950m litres/annum).
This is an outstanding opportunity to land bank in a prime location with investment income, or take it a step further and utilise the water rights..