SOLD - 100 Gasson Street, Sydenham, Christchurch
100 Gasson St, Sydenham, Christchurch
Unique opportunity with outstanding creative scope
For Sale by Deadline Private Treaty 6 June 2024
• Considerable value uplift potential
• Excellent Sydenham location
• Holding income negotiable
First time to market in over 25 years, this expansive industrial property presents a solid foothold in Sydenham, underwritten by over 2,000 sqm of land and delivering almost 2,200 sqm of floor area. A value-add opportunity of scale.
The building comprises two levels with workshops and showroom on the ground floor and a spacious first floor with huge character and the potential to create a stunning value-add loft space for the creative developer or owner occupier. Mixed Use notified under the new Christchurch City Council Long Term Plan (LTP) presenting even more development options.
With 12 car parks and a significant floor area to activate, this property will generate a solid rental income when cleverly refurbished and fully occupied. A detailed seismic assessment (DSA) and seismic strengthening estimate were completed in 2022 and are available to assist purchasers to this end. The vendor is open to negotiating a short term lease with the purchaser to assist with ownership transit
Contact Jeremy to learn more 0276555647
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