Honeywell-leased Christchurch office for sale

The longstanding corporate office base of a global industrial automation giant has gone up for sale in a strategic Christchurch commercial and industrial hub.

Longstanding Honeywell office base in Middleton

The well presented, single-storey premises in Middleton have for nearly 20 years been leased to Honeywell, a publicly traded US-headquartered multinational provider of building, process and technology automation solutions. The location on Craft Place offers excellent access to the city centre, major arterial roads and a wealth of surrounding amenities.

Renewed lease runs to 2029

Honeywell recently renewed the lease for another three-year term to 2029, with a further three-year right of renewal available.

Net annual rental income of $95,200

The lease will earn new owners an annual net rental income of $95,200 plus outgoings and GST.

Christchurch property offered by deadline private treaty

The freehold land and building at 8 Craft Place are now being offered to buyers by deadline private treaty closing on Thursday 3 December (unless sold prior).

The sale is being marketed by Alex White of Bayleys Canterbury, as sole agent.

Modern office accommodation with on-site parking

The building encompasses some 397 square metres of modern office accommodation, predominantly open plan, with a kitchenette and meeting rooms.

It sits on an Industrial Heavy-zoned site of approximately 1,288 square metres, with on-site parking for 15 vehicles.

Established tenant supports secure income

White says the property stacks up impressively as a quality, low-maintenance investment.

“With an entrenched high-calibre tenant and a favourable lease structure, this smart commercial office address offers new owners secure and stable income. Underpinned by a substantial freehold landholding, it embodies the fundamental elements of an attractive long-term investment proposition,” says White.

Middleton location supports long-term investment appeal

Middleton's established commercial environment, strong transport connections and proximity to key business hubs further underpin the site's credentials as a strategic commercial holding, he says.

Key arterials and amenities within easy reach

Situated to the west of the city centre, the area’s dynamic business ecosystem – combining commercial offices, industrial businesses, trade suppliers and professional service providers – makes it a highly desirable setting for businesses seeking a well-connected Christchurch location.

“Craft Place enjoys convenient connections to Blenheim Road, Riccarton Road and Curletts Road – key arterials that support easy travel to the inner city, the wider industrial network, Christchurch International Airport, and surrounding commercial centres.

“It’s also surrounded by an array of shops, hospitality offerings and commercial amenities. Westfield Riccarton, the Tower Junction shopping centre and the retail offerings along Blenheim Road are all within easy reach, providing convenience for employees, clients and visitors alike,” says White.