196 Roydvale Avenue, Christchurch
A modern, well located, bulk retail style building leased to a well-known fitness operator on a long lease
This modern facility provides a new 12-year lease term from from October 2021 and rights of renewal until 2045 along with a 12 month rental guarantee from the tenant’s parent company. The CityFitness Group is a New Zealand domiciled but offshore owned health and fitness group operating at over 40 locations throughout New Zealand.
The site is industrially zoned but with a resource consent to be used as a fitness centre. The zoning, large bulk retail style of the facility, and low site coverage, also lends itself to multiple uses in the long term.
The property is located within the new Roydvale Park Subdivision in the Christchurch suburb of Burnside. Located 10 kilometres to the north west of the Christchurch CBD, the property is within close proximity to the Christchurch International Airport. Importantly, this location is also easily accessible benefitting from good access to main arterial routes to the north and south along with the recently developed northern corridor.
All metrics are as at 31 October 2021