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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: 14/06/19

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