Industrial | $3,200,000 | 5.18% Net Yield | On Market
Secure Long-Term Income Under a 10-Year Lease
Modern Industrial Facility in a High-Growth Logistics Hub
This modern industrial investment offers secure, long-term income via a new 10-year lease to a respected, family-operated towing and recovery business with approximately 30 years of operational history. Situated in Rolleston's premier industrial precinct, Izone Southern Business Hub, the property benefits from strategic proximity to State Highway 1, Christchurch, and major freight corridors.
Spanning an estimated 1,404 sqm of net lettable area and occupying a generous 2,120 sqm freehold site, the facility is well-designed to support logistics or trade-based uses. The site includes 10 designated car parks and is zoned Business 2A under the Selwyn District Plan, affirming its alignment with industrial and commercial land uses.
Key Highlights
- Asset Class: Industrial
- Price: $3,200,000
- Net Yield: 5.18%
- Net Income: $165,756.79 p.a.
- Net Lettable Area: Approx. 1,404 sqm (subject to survey)
- Land Area: Approx. 2,120 sqm
- Tenure: Freehold
- Lease Term: 10 years (commenced August 2023)
- Outgoings: $17,387 p.a. (portion recoverable: $10,481)
- Annual Reviews: Fixed at 2.5%
- Zoning: Business 2A (Selwyn District Plan)
- WALE: 8.2 years
- Lease Security: Nil
- Insurance Sum: $4,371 | Expires August 2025
- BWoF Expiry: 22 August 2025
- Flood Zone: Minimal risk, outside primary flood prone area
- Earthquake Zone: Medium-risk classification
report, bank fees)
Purchasing Costs
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