161 Cashel Street, Christchurch Central, Canterbury

On behalf of Grand Central (NZ) Limited, CBRE as exclusive agent is delighted to present the Grand Central Building, 161 Cashel Street to the market. Presenting a genuine opportunity to secure a premium New Zealand asset with a government anchor tenant in New Zealand’s most modern and technologically advanced city, the Grand Central Building combines build quality, tenant covenant and investment scale with an enviable WALT over the anchor tenant of circa 8 years.   The 14,119sqm premium grade asset is a 7-level office and retail post-earthquake development, situated in the core CBD and Retail Precinct, defining itself as the emerging government hub for the city. Investment highlights include: * Completed in late 2016 and designed by renowned architects Warren & Mahoney * Fully leased net operating income: c.$5,934,004 pa plus GST (includes underwrite) * Government Lease to Ministry of Business, Innovation & Employment (MBIE) * Global retail brand Lululemon * 67 onsite carparks and 153 cycle parks * 100% NBS with world class base isolation seismic technology * Flexible 2,200 to 2,700sqm office floor plates * A Christchurch cityscape statement * Freehold land of c.3,624sqm For Sale by International Expression of Interest (EOI) closing Thursday 25 March 2021 at 4:00pm (NZST).