Receivers are selling 'as is, where is' a large, high-profile industrial property divided into two parcels on the Christchurch city fringe in Sydenham.
"Sydenham remains a keenly sought-after area and is a high growth location," says Sam Staite, director of industrial leasing and sales with Colliers International in Christchurch, who is marketing the freehold properties for sale by deadline private treaty, closing at 4pm on December 6.
Staite says the offering comprises 8580sq m of Industrial zoned land split into two parcels, one of which has a substantial profile to State Highway 76, on the corner of Brougham and Orbell Sts.
The largest site of 7482sq m, at 8 Orbell Street, has a net lettable area of 6200sq m with a huge frontage onto busy Brougham St. The property comprises a 'sawtooth' building with a ground floor office of 363.64sq m, a first-floor office of 777.04sq m and a warehouse of 1855.58sq m. The northern warehouse has 113.21sq m of office and amenities, and 3122.88sq m of warehouse space.
Both buildings are of mixed construction including brick, Summerhill stone, and concrete block, with corrugated iron and sawtooth roofs. Access to both warehouses is via roller and sliding doors with a large rear yard. There are 84 car parks. A net annual holding income of $135,000 comes from month by month leases to a fashion clearance retailer, Big Brands that fronts onto Brougham St while Kitchen Things fronts Orbell St.
