A shortage of industrial warehouses in the 2000sq m-plus band is set to fuel interest in a brand-new A-grade facility in Hornby Quadrant in Christchurch.
Marketed by industrial specialists Sam Staite and Christian Kellar from Colliers Christchurch, the premium 2,847sq m blue-chip warehouse and office building, including drive-through canopy, is for sale by deadline private treaty, closing 16 October.
Staite says Hornby is one of the most sought-after large format industrial areas in Christchurch with huge growth underway and land supply all but exhausted.
Its strategic position alongside the new Southern Motorway has attracted some of the biggest names in New Zealand business, including the majority of transport operators, third-party logistics firms, and major supermarket distribution centres.
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“Hornby Quadrant is the jewel in the crown and properties of this calibre are tightly held. With land supply at record lows, this is a rare opportunity to secure a superior industrial asset,” Staite says.
“This property is ideal for either an owner-occupier or as a strategic investment. Investors will appreciate the conventional nature of the property with key fundamentals appealing to a wide range of tenants.”
Set on a 4,154sq m site, the building has an impressive clear span 10m stud warehouse, which has been designed to a high specification. Adding to the appeal is its full drive-around capability, with a large, sheltered canopy area serviced by three roller doors.
Kellar says the property’s functional design, with 2,000sq m of warehouse, 200sq m of office, and a 647sq m canopy ensures efficiency and will suit a wide range of potential owner-occupiers and be an attractive investment given its flexibility of uses.
“The conventional nature of this warehouse provides for a range of uses allowing for a seamless transition to new ownership.
"The building is ready to go, saving owner-occupiers the arduous task of having to find land – a big ask in itself – and negotiate all the ensuing complexities.
"This is a far easier option for businesses who need something of this size or investors looking for a premium opportunity.”
The warehouse has just been completed by renowned property and construction design build specialists Calder Stewart, who are highly respected for their superior products.
“Calder Stewart understand the market intimately and always go the extra mile in their detailing. For instance, the large canopy makes for far easier loading and offloading in bad weather. The warehouse concrete slab is 165mm thick with post-tension flooring, which is far superior to traditional concrete flooring and the office has architectural cladding. There is Low E double glazed windows and the roof is future strengthened for solar,” Kellar says.
- Supplied by Colliers
