If you have been searching for a conventional, modern industrial investment with a captive national Tenant, then look no further.
The long standing tenant, Asmuss Steel, operate their Steel and Flow Control operations from 60 Detroit Drive, while their fittings business is located in the building directly next door. Having already operated through the 12 years on their first term of lease, Asmuss renewed their next term of 6 years in August 2025, highlighting their commitment to this facility.
The extremely conventional asset, with a low office to warehouse ratio, is positioned within one of New Zealand’s largest industrial parks, the popular and sold-out 180ha industrial development of Izone, Rolleston. Complete with gantry cranes, the highly functional industrial facility further benefits from large yard areas with significant laydown space for containers and product.
With a prime, conventional building in a highly-sought location, fixed annual rental growth, and security of lease term from a business who have over 100 years of trading history, this is an investment not to miss.
For Sale by Deadline Private Treaty, closing 4pm Thursday 6 November 2025 (unless sold prior).
*Boundary lines indicative only
Features:
- National tenant with over 100 years trading history
- Conventional building – low office to warehouse ratio
- Freshly renewed lease
- Attractive rental rates
- Prime location in close proximity to the inland ports
- Fixed rental growth
More information: https://www.colliers.co.nz/p-NZL67036459
