Industrial demand meets residential growth

A substantial industrial landholding positioned alongside one of Christchurch’s fastest-growing residential catchments is being brought to market, offering investors, developers and owner-occupiers the opportunity to secure an income-producing asset with significant future flexibility in a tightly constrained industrial market, Bayleys brokers say.

Bayleys Christchurch Development Land Sales specialist Greg O’Brien is marketing the 1.64ha (more or less) freehold site at 55 McTeigue Road in Halswell, for sale by deadline, closing at 4:00 pm on Wednesday, 29th July 2026 (unless sold prior).

Located within Christchurch’s southwest industrial growth corridor, the property combines approximately $225,000 plus GST net annual holding income with around 7,000sqm of underutilised land currently available for owner-occupation, additional leasing or future development, subject to necessary approvals.

The offering comes to market as Christchurch’s southwest continues to absorb a significant share of the city’s population growth, creating increasing demand for industrial land from contractors, logistics operators, trade businesses and service operators that support expanding communities.

O’Brien says that opportunities that combine existing income with meaningful development flexibility are attracting competitive interest from various buyer groups.

“Industrial land of this scale is tightly held, particularly within locations that continue to experience strong surrounding growth. Buyers are looking beyond passive investments toward assets that provide options as business requirements evolve.

“The subject property generates immediate income while preserving substantial vacant land that can be occupied, leased or developed over time. That flexibility broadens the appeal considerably across investors, owner-occupiers and developers.”

Income is derived from three separate yard tenancies, with O’Brien noting the recent recommitment of TPM Civil on a new lease commencing this month further strengthens the income profile while maintaining flexibility through the substantial balance of land.

Comprehensive geotechnical and environmental investigations have already been completed, providing purchasers with an advanced due diligence platform, while approved Orion infrastructure upgrades will increase line clearances beneath the existing electricity corridor, improving functionality across the site.

Industrial Park zoning supports a broad range of industrial activities, including logistics, storage, manufacturing, contractor-based businesses and complementary office accommodation, providing considerable flexibility for future use.

O’Brien says the property’s strategic location further strengthens its long-term appeal.

“Halswell has been transformed over the past decade through major masterplanned communities, including Fulton Hogan’s Longhurst and Knights Stream developments, Milns Park, and Fletcher Living’s Mataī Springs.

“Fletcher Living is also progressing a major mixed-use precinct comprising around 250 new homes, alongside a Woolworths supermarket, medical centre, childcare facilities and a gymnasium. Together, these projects are creating a rapidly expanding residential catchment that continues to strengthen demand for the industrial, logistics and trade businesses that service it.

Bordering the Southern Motorway, the property sits at the centre of Christchurch’s southwest growth story and is less than seven kilometres from Christchurch’s city centre, offering the dual advantage of proximity to the CBD, motorway connectivity, and efficient access to Christchurch Airport, Lyttelton Port and the wider South Island freight network.

“The most successful industrial investments rarely rely on a single source of value. Here, existing income provides immediate performance, while surplus land, zoning and surrounding growth create multiple pathways for future returns. That combination offers flexibility – and in today’s market, flexibility is one of the most valuable attributes an asset can offer.”