Desperate Vendor – All Offers Considered!

120 Montreal Street, Christchurch

Industrial For Sale

For Sale
Land Area: 3,821.00 m2.    Floor Area: 2,162.00 m2.    

Description

The Vendor has other plans and has advised that all offers will be considered on this prime city fringe industrial investment.

Prime location, well-known tenant and ability to gain very attractive returns; call today to discuss in detail.With excellent profile to the increasingly busy Montreal Street this prominent modern building was purpose built in 2010 for Global electrical provider Rexel. This area on the fringe of the city is fast becoming the hotspot for all trade-retailers and wholesalers; Place Makers Antigua Street is accessed from Kent/Montreal Street while Mico Plumbings new flagship trade-retail outlet, Active Electrical and the new proposed Mitre 10 Mega are all on Montreal Street just a stones throw from Ideal Electrical.

Fronting Montreal Street are the well appointed offices over two levels while leading back from this is the high stud trade area and distribution warehouse.

Over 40 on-site car parks service the tenants needs well while the rear secure yard area is great for dispatch and loading/unloading.

Access to the site is gained from both Montreal Street at the front and Cass Street at the rear.

Rexel have recently signed new 5 year leases for the ground floor office area and trade/warehouse areas; they will be moving out of the first floor office area in October 2018 and this tenancy will be vacant.

Features

  • Gross lettable floor area 2,162m²
  • Land area 3,821m²
  • $372,744 net annual income
  • 72% NBS
  • Anchor tenant Ideal Electrical Suppliers
  • Huge profile to the busy Montreal St
  • Excellent on-site car parking
  • New 5 year leases (from mid 2018)
  • City fringe location
  • Industrial general zoning

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