This outstanding property with a commanding presence on State Highway 74 has provided 30 years of continuous income to the owner.The property offers an increasingly rare opportunity for buyers to secure a high-profile industrial asset, with site coverage of 35%, offering future add value potential.
A well-established tenant with a proud trading history servicing the South Island has occupied the property since the 1980’s and is committed for another 4.5 years, with rights to extend their lease until 2035.
Providing a strong level of return, the lease term runs to 30 June 2029, further rights of renewal available, with the final expiry being 30 June 2035.
Property Details
• Industrial Heavy (IH) zone
• 5,209sqm (more or less) land area
• 1,831sqm building area
• 32 car parks
• 67% New Building Standard (NBS)
Offered for sale for the first in 30 years, via a Deadline Private Treaty Campaign, closing 12pm Tuesday 11 March 2025 (unless sold prior), we welcome all enquiries on this exceptional property.
Offers can be submitted either prior to the deadline above via email or delivered to Bayley’s Canterbury Office, 3 Dean Avenue, Christchurch.
Please contact Scott Bentley for more information or to book a viewing and discover the value and potential this property has to offer!
To assist purchasers with their assessment of the offering an online due diligence data room is available: propertyfiles.co.nz/5526142
