Not often do conventional freehold industrial assets, underpinned by long initial term leases, built with high quality finishes, make their way onto the open market but, here is that opportunity for astute investors.
This asset is underpinned by a twelve (12) year initial term lease, with further rights of renewal of eight (8) years each. There is built in fixed rental growth annually, which protects and enhances the long term value of this asset.
This property was purpose built during 2025 and gained code of compliance in 2026. This is a clean, conventional, and maintenance free asset.
The building is clear span warehouse, with multiple container height roller doors that open onto a large sealed yard space. The yard is accessed via two entry and exit gateways, secured with large manual sliding gates. There are additional internal upstairs offices, overlooking the warehouse, to keep view of day to day operations.
The office space was designed by Hierarchy Architecture and has a high quality finish with sun drenched offices that have floor to ceiling height windows and high stud internal doors and frames.
This asset is only a short, one minute drive, to the Southern Motorway which, allows for easy access and short travel times between the Christchurch CBD, the Inland Port of Lyttleton or heading south on State Highway One.
Opportunities to secure bottom drawer investments, with long initial term leases, in high growth locations are seldom available on the open market. This asset has all the characteristics that put your mind at ease when considering an investment vehicle for your future.
A conventional asset, underpinned by a long lease term with fixed rental growth, this a genuine opportunity to secure an A-Grade asset. You do not want to miss this rare opportunity.
For sale by Auction 10am, Thursday 2 July 2026 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
- Returning $349,584 + OPEX + GST
- New lease with 12 year initial term & further 8 year right of renewals
- High growth location
- Built in annual rent increases at 2.5%
- Purpose built building solution for the existing tenant
More information: https://www.colliers.co.nz/p-NZL67040411
