This is a rare opportunity to secure a government tenant covenant (MSD), on a 12-year lease term and newly constructed office investment.
The property has been recently constructed to the highest of standards by Miles Construction, being completed in July 2024 specifically built for the MSD as a new long-term home for them in the Riccarton location.
This opportunity comprises many attractive investment attributes that have been missing from the market in recent years, such as long lease term (12 years), Fixed Growth, Blue chip govt tenant covenant, newly constructed and low maintenance.
The way the lease term has been structured effectively acts as a bond type investment for the incoming investor. The opportunity is now yours to secure a long-term investment with steady growth throughout the 12 year term. The investment is further underpinned by its attractive Riccarton location being located directly off Riccarton Road on Auburn Ave, providing easy access to the building.
There are four secured carparks accessible off Hansons Lane via a ROW. The property sits adjacent to the Bush Inn Mall and the Countdown Supermarket and furthermore is in close proximity to Canterbury University, local Church corner mall, established residential catchment and a 10min drive to the Christchurch International airport.
It's not often that an asset of this quality is brought to the market. Don’t hesitate to be in touch for further details.
For Sale by Price by Negotiation.
*Boundary lines are indicative only.
Features:
* Government tenant covenant
* Total land area approx. 1,095 sq m
* New 12 year lease commencement date July 2024
* Brand new office investment completed June 2024
* Significant passing income
* Established and popular Riccarton location
* NLA approx. 805.98 sq m
