16 Vulcan Place, Middleton, Christchurch

Generating rental growth

• North-facing industrial on 2,894sqm freehold title
• Leased to a well-established tenant returning $214,000 per annum net
• Desirable location - Middleton, Christchurch's industrial heartland

The tenant, Etel Services, is ultimately owned by Unison Networks Limited, one of 27 electricity distribution companies in New Zealand.

This presents a rare opportunity to invest in a tenanted investment property that has accommodated the same well-established workstreams for many years with origins in ABB's international technology network. The tenant has just extended the lease for a further 5 years (with a renewal) from 10 September 2025.

At almost 1,000sqm, the warehouse offers drive-through capability, multiple roller doors, and full-length gantry rails with two 4-ton gantry beams. The workshop is complemented by north-facing offices, staff amenities, and 28 car parks.