• Modern Investment returning net $353,973pa + GST
• Current term expiry 2029 with potential occupancy to 2044
• Freehold 4,242sqm (more or less) site, 100% NBS
• Prime Harewood location, minutes from Christchurch Airport

This property provides an outstanding opportunity to secure a passive industrial investment in one of Christchurch’s most tightly held industrial locations. Situated in Harewood, just minutes from Christchurch International Airport and key freight corridors, the property offers strategic connectivity that underpins its long-term appeal.

The asset itself is a modern, well-specified industrial facility comprises 2.250sqm (approximately) of total floor area. It delivers an efficient warehouse-to-office ratio, generous yard space, and a practical site layout that suits a wide range of occupiers. Built to a high standard and with a 100% NBS seismic rating, it provides low-maintenance ownership and enduring tenant appeal.

Income security is underpinned by a strong tenant covenant returning net $353,973.75pa. + GST, with fixed annual rental growth of 2.75%. The initial lease term runs through to 2029, with rights of renewal extending final expiry to 2044, offering nearly two decades of potential income stream for investors.

With modern construction, a quality tenant, and a location adjacent to Christchurch Airport where industrial land supply is scarce, 5 Lakeside Place represents a rare chance to secure a long-term, growth-linked investment in a premier industrial precinct.