719 Halswell Junction Road, Hornby, Christchurch

Blue chip bottom drawer investment

UNDER CONTRACT

• Modern industrial building with significant Halswell Junction Road profile
• Leased to a blue chip tenant in essential business
• Net rental of $606,537pa
• Substantial freehold land holding of approximately 11,110sqm
• Prime industrial location

Bayleys are proud to offer 719 Halswell Junction Road to the market. Located on a prominent corner, in the heart of Hornby industrial, this conventional A grade 4,096.80sqm (more or less) industrial property lies on a freehold title comprising 1.11ha. The facility benefits from dual access and a significant concrete yard, allowing ease of truck flow and the flexibility to add to the property in the future.
The property is leased to a NZX listed subsidiary tenant, Dairyworks Limited, providing a strong substantial income. The initial lease term is ten years, expiring on 1 April 2029 with further rights of renewals and advantageous rent reviews.