Positioned at the Southern entrance to Christchurch city, and at the key juncture linking the airport and to the north, sits this absolutely prime freehold land holding of close to 4,000 sq m.
A strategic asset in this now dominant national fuel suppliers network, the sites success is in part thanks to the very wide and easy access to both Pound Road and Main South Road traffic flows. It is no wonder that NPD have secured an initial lease term of 15 years, along with 30 years in rights of renewal. The property has been future-proofed with extra land to cater to the development of a future NPD retail store if required by the business.
The area has undergone a vast transformation over the past decade with the major upgrade of Main South Road providing a more free-flowing route for the ever-growing traffic volumes commuting to Christchurch from Rolleston and West Melton and beyond, as well as the heavy traffic flows which utilize the Pound Road linkage to the airport and beyond.
Christchurch’s premium industrial development of Waterloo Business Park, which totals over 100ha, is located just across the road from this property. To add further to the profile and activity in this location, Ngāi Tahu have just received conditional approval from the government for the fast-track of their consenting of a further 40ha + of industrial land located on Pound Road, Waterloo Road and Barters Road.
Investors who are searching for long-term security, strong fixed rental growth, and the fundamentals of a very desirable underlying land holding, need look no further. This will sell quickly, so early engagement is encouraged.
For sale by Deadline Private Treaty closing 4pm, Thursday 21 November 2024 (unless sold prior).
*Boundary lines are indicative only.
Features:
* Freehold site 3,878 sq m
* Positioned on Main South Road
* New fifteen year lease
* Annual rental $207,000 pa + Outgoings + GST
* NPD operating over 50 years
* Fixed annual rental increases
* High corner profile
* Prime land holding
