Rare 'Add Value' Opportunity

202, Annex Road, Middleton, Christchurch City

By Negotiation

Proposed Usage
Industrial
Floor Area
1095.00 m²
Description:
Property ID
1bzqdg7

Are you looking for a quality industrial 'add value' opportunity? This fantastic property is a must to secure and has provided an excellent investment vehicle for the past 25 years to current vendors.

The prime Middleton property allows you two options; to either relocate your business or re-tenant the front portion of the property, with both options taking advantage of a healthy holding income from the established tenant operating in a separated rear portion of the property (comprising approximately 360sqm of floor area).

The front portion's floor area is approximately 460sqm warehouse, 275sqm office/amenities with 10 car parks. The property, including the adjoining owned building on Vulcan Place, enjoys shared ROW access/egress to both Annex Road and Vulcan Place on a 999 year leasehold title.

- Southern highway exposure with drive-through access
- Generous yard area
- $28,311 pa plus GST and Outgoings holding income
- Full Market rental appraised at approximately $110,000 pa plus GST and outgoings

Contact the sole agent for your viewing today.

Enquire about this property

Middleton Area