Available PropertyFiles:

  • 20230417_Fitout_Drawings_14 Establishment Drive Building Fitout Consent Drawings.pdf
  • 20240828 - COC - 14 Establishment Dr.pdf
  • 20240828 - COC - ROW -14 Establishment Dr.pdf
  • Architectural Plans.pdf
  • Establishment Drive 14_Information Memorandum_September 2024.pdf
  • Establishment Drive_Easement to Grant Electricity_October 2024.pdf
  • Establishment Drive_LIM Report.pdf
  • Establishment Drive_Sale and Purchase Agreement_October 2024.pdf
  • Executed Deed of Lease.pdf
  • Record of Title.pdf
  • WOF2022130 - Compliance Schedule - 2024-04-15.PDF
  • YE2025 - NZRFL - Summary.pdf

Property Description

World class investment

A true A-Grade industrial investment newly completed in Hornby’s premier industrial location, Hornby Quadrant.

Leased to world class New Zealand Riverlands Foods for $659,200pa plus GST and outgoings on a 15-year initial lease term plus rights of renewal commencing March 2023 with 3% annual rental increases with five yearly market rent reviews.

The building was developed by Calder Stewart, one of New Zealand’s leading property and construction companies and designed to the most modern standard. Features include solar panels which assist the tenants with their sustainability credentials, designated staff & visitor car parking separated from the warehouses large secure yard that has dual access suitable for transport, storage & container movements.

The property was developed with excellent office to warehouse ratios in mind featuring 200sqm office & amenities, 4,000sqm clear span 10m stud warehouse, 570sqm cantilevered canopy with concrete apron plus substantial yard.

New Zealand Riverlands Foods have completed a state-of-the-art production facility including robotic production line, cold storage & sealed production line. The tenants fit-out has been designed without structural changes to the building.

For sale by way of Deadline Private Treaty (unless sold prior) closing at 4pm on Thursday 24th October 2024 at Bayleys, 3 Deans Avenue, Addington, Christchurch.

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Terms of Supply

By accepting “the information” contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information has been made available. This information has been prepared by Whalan and Partners Limited, trading as Bayleys (“Bayleys”) as agent for “the Vendor”. The information contains information that is publicly available, and/or sourced from third parties (and/or the vendor) and capable of independent verification. It has been prepared solely to assist interested parties in deciding whether to further their interest in the Property and Whalan and Partners Limited is acting as a conduit and merely passing this information over. Prospective purchasers must not confine themselves to the contents of the Information but should, in conjunction with their professional advisors, make their own evaluation of the Property and conduct their own investigation, analysis, and verification of the data contained in the Information and otherwise concerning the Property. Such evaluation should extend to and include whether there has been a change in the affairs or prospects of the Property since the date of the Information or since the date as at which any information contained in the Information is expressed to be applicable. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgment and contrary to the recommendation of the agent. Bayleys and the Vendor have not verified any of the detail contained in the Information and Bayleys and the Vendor make no representation or warranty as to the accuracy or completeness of the information and neither Bayleys nor the Vendor accept and/or shall have any liability whatsoever for the accuracy of any part of the information including any liability for any statements, opinions, information or matters (expressed or implied) arising out of, contained in or derived from the Information, or any omissions from, or failure to correct any information, or any other written or oral communications transmitted to any recipient of the Information in relation to the Property. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from at any time. Whalan and Partners Ltd, Bayleys. Licensed under the REA Act 2008.

Contact Sam Stone

Whalan and Partners Ltd, Bayleys,

Licensed under the REA Act 2008

03 375 4700   021 330 479   sam.stone@bayleys.co.nz   All Listings

Sam has been a Commercial Salesperson since 2007. In that time he has quickly built a reputation for providing clients with a high level of service and professionalism when selling or leasing their properties. No matter the property, Sam is constantly determined to achieve the best result for his clients.
Sam has studied commercial and business law along with finance, which gives Sam a knowledgeable advantage when writing Sale & Purchase Agreements and Leases.
With a professional and down to earth approach, Sam provides his clients with a specialised approach which insures that the needs and requirements of the client are met. Strong local connections, along with personal investments in the property sector, Sam has a strong hold on the realities of property in Christchurch. This is backed up with a superior after sales service.
Sam’s background has given him an ability to understand the issues faced by tenants and investors and enjoys the challenge of making deals happen. Sam is able to take almost any scenario and make it into a positive outcome for his clients. He approaches each property opportunity by taking time to listen, and understand the objectives of every client and their property.

Contact Jesse Paenga

Whalan and Partners Ltd, Bayleys,

Licensed under the REA Act 2008

027 764 4748   027 764 4748   jesse.paenga@bayleys.co.nz   All Listings

Starting in commercial real estate in 2014, Jesse was driven by a deep-seated passion for property investment and since then, has forged an impressive track record marked by notable achievements such as orchestrating Christchurch’s largest-ever transaction valued at $77 million and securing leases for major central city establishments including Hoyts and H&M all whilst exceeding sales of $300 million.

Armed with a Bachelor of Commerce degree with first-class honours from Otago and Canterbury Universities, Jesse has honed his skills across diverse sectors within the industry. From office and retail leasing to project leasing for prominent CBD retail developments, and from investment sales to capital markets, Jesse's multifaceted background ables him to provide nuanced insights. His keen ability to accurately gauge market rents and assess a property's future lease-ability and value proves invaluable to both vendors and purchasers.

Drawing from his personal experiences as an investor and hands-on involvement in property development, Jesse possesses a unique knack for analysing opportunities from an investor's perspective. His proficiency in uncovering hidden gems within deals, coupled with his adeptness at aligning opportunities with clients' needs and future potential, sets him apart.

Committed to keeping his clients ahead of the curve, Jesse stays ahead of market dynamics and fundamentals, including debt funders' appetites, interest rates, vacancy rates and rental trends. By leveraging these insights and knowledge, he equips his clients with foresight into market movements, ensuring they identify and gain early access to deals.

From his experience in the post-earthquake environment in Christchurch, Jesse considers the most exciting part of property to be the positive impact a new development or refurbishment can have on the cityscape. In his role as Bayleys Director of Capital Markets & Corporate Leasing, Jesse remains dedicated to serving the Christchurch market and the Otago/Southland commercial sector, offering first-hand expertise tailored to his clients' unique needs.

Outside of work Jesse’s young son keeps him busy. He also likes to go to the gym and spend time in the outdoors including hunting.