Available PropertyFiles:

  • 944187_Title_Search_Copy (1).pdf
  • Forty South Lease (1).pdf
  • IM - 249 Barbadoes Street.pdf
  • Plans and Specifications (2).pdf
  • TCL15 annual rates 2025-26 Invoice.pdf
  • TSTC Floor Plan (1).pdf

Property Description

Data centre for sale
• A-grade tenant covenant
• New 10-year net leaseback
• Fixed annual rental growth
• Net income of $210,000pa + GST

This unique offering presents a premium, passive investment opportunity in the heart of Christchurch CBD.

This is a rare chance to secure a 1,808sqm freehold site underpinned by the security of a long-term lease to One NZ - delivering long-term, reliable income backed by a blue-chip tenant.

Located strategically on the northern edge of the exciting new One NZ Stadium precinct (opening 2026), this property is poised for significant long-term growth and transformation. The Central City Mixed Use zoning offers exceptional flexibility, allowing for a diverse range of long-term options for the property.

Don't miss the chance to acquire a 'bottom-drawer' asset with secure income and outstanding future potential.

Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.


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 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.

Contact Nick O'Styke

Whalan and Partners Ltd, Bayleys,

Licensed under the REA Act 2008

+64 3 375 4700   +64 27 696 9801   nick.ostyke@bayleys.co.nz   All Listings

Nick O’Styke’s strong work ethic, infectious energy, client centric approach has made him a leading name in Canterbury commercial and industrial real estate.

Hard at work since 2011, Nick operates on the principles of integrity and trust. He takes a no nonsense approach, building strong relationships through exceptional service and an easy-to-deal-with manner.

Nick believes that action is the key to success, and his results prove it. In fourteen years, he has achieved well in excess of $500 million in sales, earning numerous awards along the way, consistently achieving Top 5% of Bayleys salespeople since 2017 and more recently has been named Bayley’s Coveted Number One Commercial & Industrial agent for FY 2025 Nationally.

Not one to rest on his laurels, Nick approaches every property as a fresh challenge, with clients large and small gaining equal attention and dedication. Supported by his business partner, Anna Morawiec, Team O’Styke continues to deliver exceptional results for their clients across the country. When Nick isn’t working, you’ll find him hunting, diving, fishing and spending time with his young family.