14 Establishment Drive, Hornby, Christchurch

World class investment

A true A-Grade industrial investment newly completed in Hornby's premier industrial location, Hornby Quadrant.

Leased to world class New Zealand Riverlands Foods for $659,200pa plus GST and outgoings on a 15-year initial lease term plus rights of renewal commencing March 2023 with 3% annual rental increases with five yearly market rent reviews.

The building was developed by Calder Stewart, one of New Zealand's leading property and construction companies and designed to the most modern standard. Features include solar panels which assist the tenants with their sustainability credentials, designated staff & visitor car parking separated from the warehouses large secure yard that has dual access suitable for transport, storage & container movements.

The property was developed with excellent office to warehouse ratios in mind featuring 200sqm office & amenities, 4,000sqm clear span 10m stud warehouse, 570sqm cantilevered canopy with concrete apron plus substantial yard.

New Zealand Riverlands Foods have completed a state-of-the-art production facility including robotic production line, cold storage & sealed production line. The tenants fit-out has been designed without structural changes to the building.

For sale by way of Deadline Private Treaty (unless sold prior) closing at 4pm on Thursday 24th October 2024 at Bayleys, 3 Deans Avenue, Addington, Christchurch.

For further information, please refer to www.propertyfiles.co.nz/5525051 or contact the Sole Agents today to arrange a viewing.