Large Mid Canterbury holding tipped to attract serious national interest

SilverFernFarmsforsaleinAshburton

Considered by many as the ‘bread basket’ of New Zealand, the Mid Canterbury region is continuing to grow apace, with output across the fertile region increasing as ag-technology develops.

As a result, Ashburton town is experiencing near record low vacancy across its commercial and industrial asset class and demand is strong for all areas of property in the region.

With this in mind, the timing for New Zealand based meat company, Silver Fern Farms Ltd, to divest its significant Fairton Plant and adjoining rural land holding, could not be better.

The 485ha of prime land is located on the north side of the Ashburton town boundary in the farming stronghold of Fairton, and comprises 32ha at the former Fairton Plant and 453ha of prime rural holding.

Astute buyers with logistics in mind will appreciate the prized position of the Fairton Plant, bordering the Ashburton Business Estate and featuring over 1km of Main South rail line frontage.

Situated approximately halfway between the ports of Lyttelton and Timaru, it’s easy to see the appeal for large scale producers and exporters. Significant cold storage improvements on the plant site generate a strong monthly rental income while other areas of that same site may have refurbishment or redevelopment potential for the new owners.

Marketed by Sam Staite and Richard O’Sullivan, directors respectively of Colliers International’s industrial and rural and agribusiness divisions, they are for sale by deadline private treaty, closing 4pm on Thursday 26 March, unless sold prior.

“The demand in Ashburton industrial continues to outstrip supply as is evidenced with the vast uptake of land in the Ashburton Business Estate. The Council is pushing forward with the development of future stages here and we believe this strong demand will continue,” says Staite.

The prime rural land has significant water consents and could be further leveraged against the current bank of fertility, supporting a number of farming systems to harness increased returns from the land.

O’Sullivan says that productive soils, regular crop rotation, plus 383ha of border dyke irrigation, give high levels of reliable arable and pastoral production.

Centralised infrastructure, well thought out subdivision and shelter, plus all-weather access to the entire property will further enhance any future farming options pursued by the new owner.


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Sam Staite

Director of Industrial

Christchurch (Agency)

Sam is the leading industrial broker in the South Island and is the Director of the Industrial Sales & Leasing division for the Colliers Christchurch office. He has negotiated the majority of the South Islands largest industrial transactions during the past 11 years and in the past 4 years alone has delivered in excess of $480 million in sales.

Sam works closely with his colleagues across the AU/NZ Colliers network which ensures the Christchurch commercial market and his clients are as widely connected as possible. Sam works with corporate and private clients who benefit from his in-depth knowledge of the industrial sector, his proactive approach and strong business networks.

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Richard O'Sullivan

Director

Christchurch (Rural)

Richard brings to the Colliers Rural and Agribusiness team a strong agribusiness background and a quality network of relationships in the sector and as a director of the business works alongside an accomplished real estate team to offer clients local expertise, backed by the extensive national and global reach of the Colliers brand.


After graduating from Lincoln University with a Bachelor of Agriculture, Richard has spent the past 20 years in technical, agribusiness and banking based rural roles gaining diverse experience across finance, operations, farm development and sales/syndications. His background has given him an extensive skill set in the fields of real estate, business planning, rural finance, governance, due diligence and project management. 

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