58 Langdons Rd, Papanui
Christchurch City

ID#446487
Listed about 2 months ago
Agency Listing Number: 557873
$3,500,000 + GST (if any)
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Property Details

Location:
Christchurch City
Canterbury Area

Building
Land
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Flagship investment - fully leased

A solid leased investment for your portfolio. This new two level building has 663.5sqm of lettable space with 17 sealed car parks and occupies the most prominent corner at the entrance to Northfield Business Park. Designed by Wilson and Hill Architects, the building stands on its own 1,101sqm freehold title and comprises four individual self contained tenancies to provide maximum flexibility of use. Three tenants (one tenant occupies two units) mean a spread of risk with staggered renewals and a WALT of 6.75 years. Total net passing income of $203,787pa* rising to $216,155** by year five.

This location continues to grow as a commercial centre as seen in the Northlands Mall expansion and a new bulk retail centre adjacent which is driving new levels of traffic on Langdons Rd, providing opportunity for additional profile for this highly visible corner site.

*Set annual increments for Unit A to year five

**Annual rental including subsidies

Call the sole agent now for further details and an opportunity to vie

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Sales Consultants

Greg Bevin


Bayleys
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: +64 3 375 7400
Mobile: +64 27 433 4374
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https://www.bayleys.co.nz

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021 109 2595
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