A Deal to be Done

Unit 15,2, Barry Hogan Place, Riccarton, Christchurch City

Price On Application

Proposed Usage
Office
Floor Area
633.00 m²
Description:
Property ID
1bz19dz

- 633 square metres of quality office over two floors
- Each floor is self-contained
- Seven car parks right outside the door
- 95% NBS

This desirable two-level office building was constructed in 2008 and is part of the successful "Work Station 55" Business park adjacent to Tower Junction. The property benefits from being close to the city centre with excellent linkages to the road and rail transport network. The two levels are independent with full facilities allowing the flexibility to lease separately.

The vendor has taken market advice and accordingly has priced the leasing rate at "today's market rate" being $180sqm, a sharp $124,860 net per annum including car parks. Buy Now at $1,500,000 representing an 8.3% return when leased. The previous tenant has completed their make good, providing the new owner or tenant with a freshly refurbished, quality office space.

A builder by nature, the vendor has little desire to hold onto this type of passive investment and has made it clear that he wants the property sold.

Owner/occupiers, tenants and investors, this is worthy of your consideration.

For more information google www.propertyfiles.co.nz/property/555149

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Riccarton Area