Investment Warehouse with Rental Upside

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Investment Warehouse with Rental Upside

Unit 8/44 Clarence Street South, Addington, Christchurch City

Savills is proud to offer 8/44 Clarence Street South, Addington for Sale.

Currently tenanted by a well-established local business with diversified interests, this offers buyers a great opportunity to broaden their portfolio or new investors a good entry point into the commercial market.

A great location situated close to the city with access to Blenheim Rd, Moorhouse Ave, Lincoln Rd and the Southern Motorway. Well-liked by tenants with easy access to amenities of Tower Junction or Lincoln Rd.

The building has been refurbished including new air conditioning units, and features 360sqm of warehouse, 162sqm of office, showroom and amenities, all complemented by the 7 carparks.

Key Points

• Warehouse – 360m2
• Office – 126m2
• Car parks – 7
• Leased for $60,000 a year
• 2 years and 3 months remaining on current term with renewals.
• Market review coming up in approx. 3 months.
• North facing
• Great location

For more information contact the landlord’s agents Kyle Aubrey on 027 225 3532 or Joel Everson on 022 199 0300