Belfast Electrical Outlet Sparks Investor Interest

The near-new commercial/trade retail premises of a national electrical supplier are up for sale in Christchurch’s fast-growing northern corridor.

The high-profile Belfast facility sits close to State Highways 1 and 74 at the entrance of the Belfast Business Park, with good access to the city’s port, airport and CBD. It is fully leased as a branch of Radcliffe Electrical, part of New Zealand-owned J.A. Russell Limited which has supplied the electrical industry for 75 years.

J.A. Russell has over 800 staff across 80-plus outlets providing design solutions and advice to the trade nationwide.

The Belfast branch is occupied on a current lease that runs to 2029, with rights of renewal extending to 2041.

The site generates an annual net rental return of $232,325 plus outgoings and GST, with long-term growth potential underpinned by fixed rental increases and market reviews every two years.

The freehold property at 61A Belfast Road is being offered to buyers by deadline private treaty closing on Thursday 11 June, unless it is sold earlier.

The sale is being marketed by Sam Stone and Nick O’Styke of Bayleys Canterbury.

The smart, approximately 1,293-square-metre building is underpinned by a landholding of some 2,662 square metres, zoned Industrial Heavy under Christchurch’s district plan, with 17 on-site car parks.

Stone said the facility encompassed over 1,000 square metres of trade retail, showroom, and warehouse areas, plus a canopy, supplemented by some 237 square metres of office space across two levels.

Constructed three years ago, the building has a seismic rating of 100 percent of new building standard.

“Designed with functionality and efficiency in mind, the property features prominent showroom exposure, customer parking, a secure concrete yard and dual-access warehouse entry to support seamless operational flow.

“Combining modern construction, strong tenant covenant and high-profile presentation, this is an attractive opportunity for investors to secure a near-new industrial asset in a tightly held commercial precinct,” said Stone.

O’Styke said the site offered valuable brand exposure, with wide frontage to Belfast Road and around 48,000 vehicles passing daily on the northern corridor motorway.

“Connectivity is another key advantage. Off ramps from Belfast Road provide excellent motorway access. The port is easily reached via the ring route onto QEII Drive and Anzac Drive. Christchurch International Airport and the city centre are within around 17 minutes’ drive.

“Belfast and neighbouring northern suburbs, such as Pegasus, Kaiapoi, Woodend and Rangiora, offer a plentiful supply of local labour.

“The surrounding residential population has boomed in recent years and shows little sign of slowing, with a new Belfast subdivision creating 250-plus new residential sections as well as a new supermarket and yet-to-be-built school, retirement village and family healthcare centre less than a kilometre from the Belfast Road property,” O’Styke said.