A high-spec investment property in North Canterbury’s Southbrook Industrial Precinct presents a rewarding opportunity for investors to acquire a diversified, future-proofed asset in one of the South Island’s fastest-growing regional markets, Bayleys brokers say.

Bayleys Canterbury commercial, industrial and investment sales and leasing specialist Steven Schwalger is marketing the 3,787sqm freehold site at 6 Kingsford Smith Drive for sale by deadline, closing at 4:00 pm on Thursday, 14th August 2025 (unless sold prior), alongside colleague Graeme Donaldson.

“Constructed in 2014, the well-specified Business 2 zoned property combines 1,929sqm (more or less) of modern improvements with an attractive mix of tenanted and vacant space, offering both income stability and immediate upside potential,” he says.

The asset comprises a clear-span, high-stud warehouse (currently vacant and vendor underwritten), a fully equipped commercial production kitchen, a ground-floor café, and premium office accommodation on the first floor.

Generating a net income of approximately $296,460 pa plus GST and outgoings, the property is underpinned by a diverse mix of occupiers, including a café operator, food service and retail supplier, and City Impact Church. A vendor underwrite secures this income from the currently vacant warehouse tenancy, contributing to a Weighted Average Lease Term (WALT) of 2.19 years as at July 2025.

“Importantly, the vendor will underwrite the warehouse vacancy for up to one year from settlement or until a new tenant is secured, whichever comes first. That gives purchasers immediate cash flow certainty while retaining the freedom to occupy or reposition the space.”

Schwalger adds that the vacant warehouse presents a rare opportunity in a tightly held market, appealing to owner-occupiers or investors seeking rental uplift. “This is a high-quality, versatile space that’s in short supply. The vendor’s lease guarantee eliminates short-term risk and enables buyers to act with confidence.

“Together, the diversified tenancy profile and vacant warehousing create a compelling balance of security and future upside, making this an attractive, well-rounded investment for those seeking income, flexibility and long-term growth potential.”

In addition to its versatile tenancy configuration, the dual access property features a large sealed secure yard, a truck wash, on-site car parking and drive-through opportunities.

Bayleys Canterbury commercial and industrial sales and leasing specialist Graeme Donaldson says that the strategic Southbrook location is another key factor in the property’s appeal.

“Rangiora is the key service hub for North Canterbury and continues to benefit from rapid population growth, business expansion, and infrastructure investment.

“Southbrook, in particular, is emerging as a premium industrial precinct thanks to its proximity to Christchurch, around 30 minutes by car, and direct access to major freight and transport routes, including State Highway 1 and the Northern Motorway.”

“The area has attracted a wide range of businesses seeking affordable, well-connected space outside the Christchurch metropolitan area, and demand for modern, mixed-use commercial sites remains strong.

“This is a rare opportunity to acquire a well-located, income-producing asset in a tightly held market with a combination of scale, quality and potential that’s hard to replicate”, he adds.