Occupied as a data storage centre by Spark NZ owned CCL (Computer Concepts Ltd) for over a decade, this significant, city-fringe premises is leased for another four years from July 2024 and will provide the new owner with a high-yielding return with the comfort of security from Spark New Zealand Ltd as tenant.
With no further rights of renewal available to the tenant, the new owner can look to the future at opportunities to re-tenant, occupy themselves or renegotiate with the existing tenant.
With a history of uses from manufacturing, office, and retail, through to the current data-centre use, the circa 3,132 sq m premises provides a wide-range of future options for the new owner, should the current tenant vacate.
Split into three tenancies, the building was substantially repurposed, refurbished and strengthened just over 10 years ago. The vendor's engineers, Spiire New Zealand Ltd (now Calibre Consulting) confirmed the building as being strengthened to 100% NBS (New Building Standard).
Positioned on a prime, high-profile land holding of 5,524sqm with excellent frontage to the busy arterial of Durham Street South, Sydenham.
The vendor has priced this to sell so be quick to secure this prime opportunity on the fringe of Christchurch’s bustling CBD.
For sale by asking price $7,650,690 + GST (if any).
*Boundary lines are indicative only.
Features:
* A-Grade security - Guarantee from Spark New Zealand
* Four years on lease from 1 July 2024
* Prime city-fringe location
* High-profile site
* Good onsite car parking
* Multiple tenancies providing future split-risk
* Well-appointed fit-out
* Strengthened and refurbished
* High power supply
* Close to major trade-retail development
