Significant Value Add Opportunity - "As is, Where is"
The 3 separate owners of these properties have collaborated and settled with their insurance company. Now that settlement has materialised, they are all in agreeance that they just want the entire property sold.
- Being sold on an "As is, Where is" basis
- 3 x warehouses each with their own different office & reception configurations
- Container height doors in all warehouses
- 22 on-site carparks between the 3 properties
- Growth Location
- Strategic location close to Ports of Lyttelton, Central Christchurch and all main arterials.
- Possible repair strategy is available or option to rebuild a new property
Units 1 & 2 are currently tenanted, however both tenants have advised their willingness to arrange new terms with a successful purchaser. The properties are well located in an industrial precinct within Hillsborough which continues to be a popular location for businesses with neighbouring properties being developed in recent years.
There has been no plan B discussed between the sellers, but one thing for sure, is these properties must be sold together as one, on or before auction day.
Each unit differs in size as per below.
Unit 1 = 395sqm
Unit 2 = 446sqm
Unit 3 = 417sqm