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Bishopdale, 15A Bishopdale Court

Educated Investment Opportunity

Auction 05 Dec 2019 Unless Sold Prior

Listing Number: CIC52873
About this listing
Attention investors, owner/occupiers and/or developers!

15a Bishopdale Court, in conjunction with 15b Bishopdale Court, are to be offered for sale by way of Auction, firstly together as one parcel, and if unsold, then individually. You choose - buy both or just one of them.

15a Bishopdale Court
- Prime location, within Bishopdale Shopping Centre
- Fully leased
- Refurbished & strengthened to 67% NBS
- Returning net income of $84,500pa + GST, with potential upside
- Well-appointed, tidy and fastidiously maintained
- Redevelopment potential
- Opportunity for owner/occupiers

To download the property files please visit:
https://propertyfiles.co.nz/property/15aBishopdaleCourt

15a Bishopdale Court (together with 15b Bishopdale Court) occupies a large standalone corner block. The building covers virtually the whole rectangular site area of some 913 sqm.

We understand it was constructed during the early 1980s with concrete foundations and floors with Longrun metal roof and aluminium joinery, and it has more recently been refurbished and strengthened to 67% NBS; offering you peace of mind and a good return on your investment.

The premises is neatly presented and well maintained. It has suspended Pinex ceiling with flush fluorescent lighting and air conditioning systems in place.

It is currently leased to New Zealand College of Business, who will take up a new lease of 2 Years + 2 x ROR of 3 Years term, starting 11 February 2020 when its current lease expires. It also has a 3 Year Westpac Bank ATM lease (licence) in place.

The property is situated within the Bishopdale Shopping Centre in Bishopdale, where there are a number of specialty shops in close proximity, as well as a New World Supermarket. Extensions to the shopping centre, including a bottle store and local tavern, were completed in the 1990s. Plans are also underway to transform the old Mitre 10 building into a medical centre.

It has also benefited from the establishment of the YMCA and a newly built City Council library within the shopping centre.

Key Details
- Land area: Share of approximately 913 sqm
- Net lettable areas: 381.4 sqm
- Zone: Business 2 - Christchurch City Council Plan
- 2 x Tenancies
- Net Income pa: $84,500 + GST + Operating Expenses

Please contact Harry Lim for further information and viewing arrangements.
Auction date
Thursday 5 Dec 12:00 p.m. (98 Moorhouse Ave)
Unless Sold Prior
Property Information
  • Approx Floor Area: 408 sqm
  • Property Type: Office, Retail
  • Approx Floor Area
    • Office Square Metres: 408
  • Tenure: Unit Title

Contact Details

Harcourts Christchurch City Commercial

Grenadier Real Estate Ltd

Licensed REAA 2008

98 Moorhouse Avenue
City
Christchurch

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