Large scale industrial investment
2, Matipo Street, Riccarton, Christchurch City
- Proposed Usage
- Floor Area
- 8501.00 m²
- Land Area
- 16249.00 m²
- Property ID
- 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.