Bromley 18 Tanya Street Information Memorandum Prepared by Bayleys Real Estate Ltd 21 May 2018
Owner occupier opportunity Bayleys Real Estate Ltd is pleased to offer 18 Tanya Street, Bromley for sale by way of price on application. The 3,072.24m² building is comprised of 2,857.53m² worth of warehousing plus 214.71m² worth of office and amenities. It is situated on a spacious 6,264m² site and is zoned Industrial Heavy Zone. It is well suited for heavy industrial use with two gantry cranes being 3 ton and 2 ton and is currently being used for engineering. The building is in a good structural condition and has good external appearance. The owner is committed to selling and has realistic price expectations so get in touch today to register your interest. Please do not hesitate to contact a member of the project team in regard to any aspect of the content included in this document or to arrange a viewing of the property. George Phillips Commercial Sales and Leasing Specialist +64 21 163 3838 george.phillips@bayleys.co.nz BAYLEYS REAL ESTATE LIMITED, LICENSED UNDER THE REA ACT 2008 Angela Webb Residential and Investment Specialist +64 27 349 1997 angela.webb@bayleys.co.nz BAYLEYS REAL ESTATE LIMITED, LICENSED UNDER THE REA ACT 2008 www.bayleys.co.nz/557316 bayleys.co.nz/commercial 2
Contents Executive summary 4 Investment highlights 5 The property overview 6 Operating expenses 10 The sale process 11 Certificate of Title 12 Building area breakdown 7 The location 8 Site and legal description 9 3 bayleys.co.nz/commercial
Executive summary Address Legal description Lot 24 Deposited Plan 317955 as comprised in the Certificate of Title 70368 Floor area Land area 3,072.24m² (approximately) 6,264m² (approximately) Car parking 30 Net rental Occupancy Zoning $242,900 pa + GST + OPEX Vacant possession Industrial Heavy Zone Sale details Sale method Price on application bayleys.co.nz/commercial 4
Investment highlights 1 Was rented to Carlton Taylor for $242,900 pa + GST + OPEX 2 Very competitive rental rates 3 Two gantry cranes, 3 ton and 2 ton 4 Spacious northern and southern yard area which is fully sealed 5 Owner committed to selling for a realistic price 6 Heavy duty power supply with 1,000 KVA transformer onsite 100% NBS level 5 bayleys.co.nz/commercial
Property overview Floor area - 3,072.24m² Land area - 6,265m² Car parking 30 Well maintained building The building is sited to the middle of the site, leaving a spacious northern and southern yard area which is fully sealed for vehicle access both from Tanya Street through to Maces Road. The building is well suited for heavy industrial use with two gantry cranes being 3 ton and 2 ton. Currently is has been used for engineering. Heavy duty power supply with 1,000 KVA transformer onsite. New wall and roof crossing and fly bracing has been completed with this strengthening work allowing a Grade A 100% NBS level. The warehouse has a stud height to the side knee of 3.80 meters and a stud height of 8.4 meters to the centre of the building. Key Features: NBS 100% Was rented to Carlton Taylor for $242,900 pa Very competitive rental rates Owner committed to selling for a realistic price Zoning - Industrial Heavy Zone Heavy duty power supply 6 bayleys.co.nz/commercial
Building area breakdown Building space Northern side office and amenities Floor area 114.00m² Southern side ground floor office and amenities 43.30m² Southern side mezzanine level offices 41.40m² Southern side attached oil store 5.23m² Transformer room 10.78m² Warehouse / workshop (excludes generator room) 2,857.53m² Total 3,072.24m² 7 bayleys.co.nz/commercial
The location Area Bromley The Bromley industrial locality surrounding the property comprises mixed age industrial buildings, most of which are leased or owner occupied and are well presented and maintained. The locality has good buyer and leasing demand. Bromley is situated 5.1 kilometres from the Central Business District (CBD).It is a mix of residential and industrial areas segregated by a number of cemeteries (Bromley Cemetery, Ruru Lawn Cemetery, Memorial Park Cemetery, the Linwood Cemetery and the Canterbury Crematorium). A predominant feature of this area is the Christchurch City Council's water and wastewater treatment plant. In recent years the east of this area has seen a significant increase in the upgrading of existing industrial parks and the development of new ones. There has also been some infill housing and minor residential development in the area. Zoning Industrial Heavy Zone The Industrial Heavy Zone recognises and provides for industrial activities that generate potentially significant adverse effects on the surrounding environment (such as high levels of noise, odour and heavy traffic movements), or involve significant use and storage of hazardous substances, necessitating separation from more sensitive land use activities. 18 Tanya Street bayleys.co.nz/commercial 8
Site and legal description Tenure Fee Simple Legal description Lot 24 Deposited Plan 317955 as comprised in the Certificate of Title 70368 Zoning Rating valuation Industrial Heavy Zone Land value Improvements Capital value $990,000 $1,660,000 $2,650,000 9 bayleys.co.nz/commercial
Operating expense Rates $19,035.82 Insurance and Building WOF/Compliance Total annual outgoings $20,000.00 (approx.) $39,035.82 (approx.) *All amounts are excludinggst. 10 bayleys.co.nz/commercial
The sale process 18 Tanya Street, Bromley is being offered for sale by way of price on application. If you have any questions regarding the content included in this document or to arrange a viewing of the property, please do not hesitate to contact us: George Phillips Commercial Sales and Leasing Specialist +64 21 163 3838 george.phillips@bayleys.co.nz BAYLEYS REAL ESTATE LIMITED, LICENSED UNDER THE REA ACT 2008 Angela Webb Residential and Investment Specialist +64 27 349 1997 angela.webb@bayleys.co.nz BAYLEYS REAL ESTATE LIMITED, LICENSED UNDER THE REA ACT 2008 This Information Memorandum provides preliminary information to assist interested parties with their assessment of the property. bayleys.co.nz/557316 Disclaimer The contents of this document do not form part of any contract. This document has been compiled using information provided by third parties, and Bayleys accepts no responsibility for its accuracy or completeness. In all cases, interested parties should conduct their own verification of the information in this document, as well as their own investigation and analysis of the property described in it. All parties are urged to take legal advice before entering into any contract or agreement regarding the property described herein. bayleys.co.nz/commercial 11