INTERNATIONAL TENANT, LONG LEASES

245 Wooldridge Road, Christchurch

Investment For Sale

For Sale
Floor Areas: 6,834.39 m2 to 11,394.24 m2.    

Description

The Tait Foundation is offering for sale its state-of-the-art offices and assembly area for Tait Communications, in Christchurch, New Zealand.

The two buildings are offered for sale as one lot or individually. The properties are located in the north west of Christchurch, close to Christchurch International Airport. Christchurch is the main city in the South Island of New Zealand.

Tait Communications is a world leader in unifying mission-critical communications, providing critical wireless communications, engineering, operational and services excellence for more than 40 years. Tait customers protect communities, save lives, power cities, move citizens and harness resources all over the world. Working with its customers, Tait creates and supports the critical communication solutions they depend on to do their jobs.

The campus is made up of a substantial land holding of 13.5184ha, some of which is future development land. The land contains three buildings. Two of which are for sale as outlined in this Information Memorandum. The third building, at 540 Wairakei Road, is not for sale as it has been recently damaged by fire and not available until repaired.

Features

  • Land holding of 5.4279ha in 2 titles
  • Close to Christchurch Airport
  • 15 year leases
  • Excellent on-site car parking
  • High yielding assets
  • Anchor tenant Tait Communications Limited
  • 245 Wooldridge Road $2,557,581 pa, asking yield 7%
  • 558 Wairkaei Road is returning $1,754,867 pa, asking yield 8.25%

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