CBRE Christchurch
Real Estate Services
- Listing #:
- CCH100676
- Listed:
- 15 days ago
6200000
8% Net Return – Owner Wants Sold!
48 Fitzgerald Avenue, Christchurch Central, CanterburyOffices
-
- 1,591m2 Floor Area
About this property
The owner has instructed to get this sold and priced accordingly!48 Fitzgerald Avenue is a modern office building in a prominent location with an abundance of on-site car parks and a good mix of quality tenants.
The offering presents a fantastic opportunity to acquire a high-profile quality office building spread across three titles which provides great spread of risk and future upside.
This multi-tenanted investment is anchored by founding tenants such as Ford Baker, Woods Consultants and Fortitude Financial. These longstanding tenants provide excellent security of cash flow.
Investment Highlights:
· Long-serving and established anchor tenants
· Great mix of tenants
· Large Depreciation benefit still to be utilised to assist with your purchase and increase potential returns
· High quality fit-out
· Comprised of three separate titles to spread risk
· Net lettable area: 1,591sqm (approx.)
· Net rental: $496,773pa + GST + Opex
· Established location bordering the CBD
· 49 on-site car and three access points
The opportunity to purchase an asset of this quality does not present very often. We strongly recommend your early consideration of this outstanding investment.
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