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Christchurch Central, 320 Cashel Street

Ace Multi-Tenanted Opportunity

Listing Number: CIC46773
About this listing
Want to secure a prime piece of real estate, with opportunity to add value?

320 Cashel Street represents a unique opportunity for investors, owner/operators and/or developers looking for a low risk investment to add to their portfolio.

Located within the Four Avenues, this substantial multi-tenanted property sits on a massive 1,639 sqm of prime Christchurch Central commercial land and comprises of a two level commercial office/showroom complex with attached warehousing and storage units.

It also offers the advantage of an extensive and fenced asphalt sealed area for 30 on-site car parking spaces.

Address: 320 Cashel Street, Christchurch Central, Christchurch

Legal Description: Lot 1 DP 26953

Net Rentable Floor Areas: 985 sqm (approximately)

Land Area 1,639 sqm

Certificates of Title CB30F/1113 (Freehold)

The premises will be earthquake strengthened to a targeted 100% NBS (New Building Standard) and refurbished (including new roof) by the end of the year.

320 Cashel Street offer versatility in its configuration. Nearly 40% of the available space is currently leased by a single tenant for a term of 5 + 3 x 3 years from 1 April 2017 with a net rent of $100,767.50 per annum plus GST and outgoings. The remaining spaces, although available for lease currently, would command greater market interest upon completion of the strengthening and refurbishment process.

The Opportunity

Astute investors and owner/operators! Secure this prime piece of real estate within the Four Avenues and reap the rewards from:

- Christchurch Central location
- Prominent corner site, offering exceptional profile
- Multi-tenancies, to spread your risk
- Current rental income of over $100,000 net pa
- Potential total rental income in excess of $240,000 net pa, when fully leased
- Earthquake strengthened, for peace of mind
- Versatile configuration, for flexible leasing options
- Further development potential, to add value

Contact Harry Lim immediately for further information and to arrange viewing.
Property Information
  • Approx Floor Area: 985 sqm
  • Parking: Uncovered: 30
  • Property Type: Office, Tenanted Investment
  • Approx Floor Area
    • Office Square Metres: 517
    • Showroom Square Metres: 164
    • Warehouse Square Metres: 305

Contact Details

Christchurch City Commercial

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Avenue
City
Christchurch

Property Location

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