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468 Mandeville Road, Ohoka, Waimakariri District, Canterbury

15 & 20 YEAR LEASES TO ANCHOR TENANTS

Mandeville Village is underpinned by excellent cashflow security with the key tenants being on 15 & 20 year leases. The enviable tenant mix anchored by a supermarket, service station and childcare centre is serviced well by a strong local economy with high potential growth prospects.

The asset was completed in 2018 with its architectural design being inspired by the affluent surrounding residential & rural catchment.

Guaranteed annual rental growth up to the greater of CPI or 3% will provide confidence for excellent returns in the years to come.

Key Investment Highlights:

Architecturally designed and completed in 2018
Net Rental: circa $575,000 pa
Outstanding WALT of circa 11.75 years
Enviable tenant mix including a supermarket, service station and childcare centre
Fixed rental growth across all tenancies
High profile frontage to Tram Road (with vehicle movements in excess of 6,000 per day)
Additional land for future development options
Growing local catchment
Large underlying land holding of 6,670sqm

CBRE strongly recommends your early consideration of this outstanding opportunity.

This opportunity is being offered to the market by way of a Deadline Private Treaty Campaign closing on Thursday 23 May 2019 at 4:00pm NZST (unless sold prior).

Property Id: 63298322

Last Updated: 13/05/19

Listing Summary
Categories: Retail
Contract Type: Sale
Floor Area: 6670 m²
Price: Deadline Treaty
Contact Information
Agent 1 Image

Tim Rookes

Managing Director
Christchurch

CBRE - Christchurch

Level 3 CBRE House
112 Tuam Street
Christchurch 8011

PO Box 13643
Christchurch 8141