Sydenham Investment - New 7 Yr Lease
AUCTION 4TH NOV 2021 10:00:00 (UNLESS SOLD PRIOR)
Colliers is pleased to present 111 - 115 Orbell Street, Sydenham, Christchurch, an industrial investment to the market for sale.
This outstanding investment opportunity will be sold with a long-term lease in place to an established Canterbury business. The property lies in the heart of Sydenham which is positioned near Christchurch's CBD. It sits on a large freehold parcel of land split into two titles. The excess land allows for future development upside.
The property is leased to olGo Motors, an established business. The tenant will take an initial lease term of seven years at $115,000 per annum plus GST and OPEX. The building is made up of conventional warehouse space with multiple roller doors and ample yard space and car parking areas. The property also has very tidy offices and amenities.
Industrial investments with long term leases are in short supply. All investors who are after strong passing income, a quality tenant and building should consider this opportunity!
For sale by Auction held 10am, Thursday 4 November 2021 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.