A newly built industrial facility in one of New Zealand’s fastest-growing precincts offers a prime opportunity for investors and owner-occupiers to secure a foothold in one of the country’s most dynamic and resilient urban hubs, brokers say.

Bayleys industrial sales and leasing broker Nick O’Styke is marketing the premises at 20 Factory Drive for sale by deadline, closing at 4:00 pm on Friday, 28th March 2025 (unless sold prior), alongside colleague Sam Stone.

O’Styke says that being strategically positioned within the perennially popular IPORT Business Hub, the 630sqm (more or less) property comprises high-quality industrial accommodation across two tenancies with an attractive office-to-warehouse ratio.

“Its dual tenancy configuration provides flexibility for investors seeking income diversification or owner-occupiers wanting to occupy part of the site while securing a rental return from the additional space.

The road-facing tenancy comprises approximately 337sqm of warehousing and 65sqm of offices and amenities, while the second tenancy features approximately 193sqm of warehousing and 35sqm of offices and amenities. Both are supported by 22sqm of canopy cover.

O’Styke says the subject property presents a prime opportunity to acquire a brand-new industrial asset in a high-demand location with excellent connectivity to Christchurch and beyond via the State Highway network and key freight routes.

“The IPORT Business Park has rapidly become a premier destination for logistics, manufacturing, and trade-based businesses, benefitting from the Selwyn District’s ongoing investment in infrastructure and a world-class business environment.

“Additionally, the 1,250sqm (more or less) freehold site is zoned Business 2A, which supports a wide range of industrial and commercial uses, enhancing the long-term value proposition.”

Constructed with steel portal framing on concrete foundations, the property features a clear-span, high-stud warehouse with a 5.6m knee height, container-height roller doors and LED lighting throughout.

The west-facing office spaces are air-conditioned and include modern staff amenities, offering a comfortable and efficient working environment.

A heavy-duty concrete yard and three on-site car parks ensure ease of access and maneuverability for trucks and service vehicles, adding to the property’s appeal for businesses requiring logistics efficiency.

Bayleys Industrial Sales and Leasing broker Sam Stone says that Rolleston’s rapid growth is a key attraction underpinning demand for industrial property in the area.

“Rolleston has consistently outpaced other industrial hubs in terms of expansion and investment, driven by strong economic fundamentals, relative affordability, and user benefits of strategic infrastructure improvements such as the Southern Motorway extension.

“The area’s proximity to major transport links and inland ports makes it a highly desirable location for businesses servicing both local and national markets.

“Additionally, market rental appraisals indicate a potential net rental return of $107,620 per annum, positioning the property as an attractive investment with strong yield potential.

“With industrial vacant rates tightening, and Christchurch emerging as a leader in New Zealand for infrastructure, building resilience, amenity, and community cohesion – thanks to sustained regional investment – well-located assets are seeing increased demand. This positions the property at 20 Factory Drive to attract considerable interest from a wide range of purchasers, including business owners looking to expand their footprint in a high growth region.”