50 Sandyford Street, Sydenham, Christchurch

Storage facility for sale "as-is"

Bayleys is pleased to bring this grand old property to the market. Offered for sale "as-is" the property offers both character and scale.
Grow the number of storage tenants or choose to strengthen and repurpose the building sooner.

The niche storage business is operating at approximately 50% capacity presenting an opportunity for the new owner to significantly increase the number of new tenants and rental income. And once new tenants are onboarded the facility is largely self-managing.

A short notice period will allow the new owner to develop and implement plans when desired.

Land area: 1,011 sqm
Total storage area: 800 sqm (approximately)
Storage gross income: $47,749 plus GST
Seismic rating: >10% NBS

Developers and new and existing storage facility operators must inspect.