Offered for sale exclusively through Savills, 424 Moorehouse Avenue. This asset comprises a NLA of 957sqm, a multi tenanted commercial building with 24 onsite car parks, advantageous billboard and 34m frontage.
The property is being sold with 67% NBS, net rent of $128,789.16 and with vacancy of 50% bringing the potential rent up to $274,319.16.
The property includes untapped potential for owner operators to occupy, retailers to showcase wares with the Moorhouse Avenue frontage or investors seeking upside.
Whatever the long-term prospect, the property sets the stage for an exciting and lucrative investment on one of Christchurch best business addresses.
Investment highlights:
- Potential net rent: $274,319.16
- Multi tenanted investment
- Excellent onsite car parking
- Expansive 34m frontage onto Moorhouse Avenue
- High profile position
- 50% vacant
- Conservative rental rates
- Dual frontages
- 67% NBS
Deadline sale closing 4pm, Thursday 26 September 2024 (unless sold prior).
Being offered for definite sale, please enquire with us now to avoid disappointment.
