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Constructed in 2008 by Calder Stewart, this exceptional multi-tenanted investment property offers investors an opportunity to secure strong cashflow from a conventional industrial premise.
Leased to two well known tenants the property is divided with a removable inter-tenancy wall. Manufacturing Suppliers Limited (t/a Fortress Fasteners with parent company being Steel & Tube Limited) occupy the front tenancy while OPR Limited (t/a Clearlite Bathrooms) lease the rear tenancy.
The quality offices at the front of the premises are over two levels and house the Fortress Fasteners sales and distribution team while the ground floor showroom leads to the bright clear-span warehouse which features a stud height of approximately 6m to the knee and is accessed via two full height container roller doors. The wide canter-levered canopy extends almost the whole length of the warehouse across both tenancies and offers excellent weather protection for loading/unloading purposes.
The rear tenancy is very conventional with a full height roller door accessing the bright warehouse and a small office and amenity area spread over two levels constructed within the warehouse footprint.
Situated on a regular shaped freehold parcel of land this is a very low risk and desirable investment offering for any astute investor.
For sale by Auction 10am, Thursday 25 October 2018 at Colliers International. Building 1, Level 1, 181 High Street, Central Christchurch (unless sold prior).