A meticulously designed industrial facility in Rolleston is positioned to attract significant interest from investors, drawn to its substantial size, strategic location, and reliable income stream from a well-established tenant.

The premium freehold property at 25 John Morten Place occupies 4,976sqm (more or less) of land within the IZONE Business Park – Christchurch’s leading industrial precinct.

The property features a modern floorplate of 2,385sqm (more or less) with multiple container-height roller doors and a state-of-the-art office/showroom with excellent staff amenities.

Bayleys salesperson Nick O’Styke says it presents a balanced investment opportunity with strategic appeal amid the current economic climate.

“We’re now two-and-a-half years through the down cycle, with overarching pressure being felt by investors across the board. Those circling for opportunities increasingly focus on high-quality assets with robust investment credentials.

“The subject property, with its extensive land area, prime location, and steady income from a reputable tenant, offers an attractive opportunity for a secure and lucrative investment,” he says.

The property is occupied by Drummond & Etheridge – a prominent name in the agricultural and industrial equipment sector - and generates a net income of $293,500 per annum.

The tenant has recently renewed their lease for an additional two-year term, with one further renewal option remaining.

“The security provided by a long-term tenant like Drummond & Etheridge, combined with the property’s high visibility and excellent access to major transport routes, further enhances the value proposition for a passive investor,” O’Styke says.

O’Styke is marketing the property for sale by deadline, closing at 4:00 pm on Thursday, 15th August 2024 (unless sold prior).

The property has been designed for operational efficiency, including a large, sealed yard that facilitates accessible vehicle and truck movements, with ample onsite parking. Its 80-metre frontage to the busy Hoskyns Road ensures exceptional visibility and accessibility.

The IZONE Business Park – known for its excellent ground conditions and proximity to critical transport infrastructure – has become a hub for major businesses, including PGG Wrightson, Westland Milk, Pegasus Engineering, and Portside Logistics.

O’Styke says freehold opportunities in the area are dwindling, underscoring the site’s desirability.

“Rolleston’s rapid growth as a township, coupled with the strategic benefits of the IZONE Business Park, positions this property as an ideal investment option, fully fenced and secure, with proximity to State Highway 1 and two large inland ports.

“The location at the end of a cul-de-sac provides added security and a quieter working environment while maintaining high exposure from Hoskyns Road.

“It’s a genuine opportunity to tick all the industrial investment boxes – particularly attractive for purchasers seeking stability, growth, and a hassle-free ownership experience. The strategic positioning within the region’s premier industrial hub and the quality of the premises makes it an attractive addition to any portfolio,” O’Styke says.

Click here for more information on the listing.