Multi tenanted entry level investment

5 Marylands Place, Christchurch

Industrial For Sale

Auction to be held at 10am Thursday, 27 Jul 2017 (Unless sold prior)
Land Area: 806.00 m2.    Floor Area: 320.00 m2.    

Description

If you are looking for an entry level commercial investment, this freehold industrial site ticks all the boxes. The property is well located in popular Middleton, consisting of 4 separate buildings providing split risk, three units are currently tenanted and provide good holding income. The property is clearly under rented and an astute buyer will see an obvious angle to add value. The site whilst providing strong holding income is prime for future development options.

With entry level investments being hard to find this property should be considered by all investors / developers looking for their first commercial project.

Call the sole agents for further information.

For Sale by Auction 10am Thursday 27 July 2017 at Colliers International Auction Room, Level 1, 181 High Street, Christchurch Central.

Features

  • Land area 806m²
  • Building area 320m²
  • Four tenancies
  • Upside potential
  • Current passing income $20,286 PA + GST and outgoings

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