CBRE Christchurch
Real Estate Services
- Listing #:
- CCH100627
- Listed:
- 59 days ago
Deadline Sale
Fri 25th Oct 4:00pm
Motivated Vendor | Yield | Long Lease Industrial
7 Canterbury Street, Hornby, CanterburyIndustrial / Warehouse
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- 5,042m2 Floor Area
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- 1.2 Hectares Land Area
About this property
Offered to the market by our vendors with high sale motivation, 7 Canterbury Street presents the opportunity to secure a large-scale industrial complex with strong lease profile in a prime location.The site houses Holmes Solutions (part of multinational Holmes Group), who are a globally recognised research and development business with extensive experience working across both private and public sectors. A recent example took place in September 2024 when Holmes was featured across all major NZ media publications for their design and development of the new Whoosh transportation system.
Underpinned by new development and low vacancy, astute investors will recognise Hornby as the most sought-after location amongst industrial occupiers across Canterbury.
Our highly motivated vendor has invested heavily into the asset with significant refurbishment and seismic strengthening of the high stud warehouse and office areas.
The anticipated yield enables excellent future cashflow. Call the sole agent, Cameron Darby, for further information on this long-term lease Hornby industrial investment.
Key Investment Highlights:
- Prime industrial location - Hornby
- Fully tenanted industrial investment
- Long lease term remaining – c. 7.8 years
- Fixed annual rental growth
- Strong tenant covenant
- Recent significant refurbishment and seismic upgrades
- Large underlying landholding (1.2ha) with low site coverage (39%)
- Net rental: $681,839 per annum
For Sale by Deadline Sale closing Friday 25th October at 4:00pm (unless sold prior).
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