Hamish Doig

Colliers, as sole marketing agent, is pleased to present 20-22 McAlpine Street, Wigram, Christchurch.  

Spread of future risk across two highly desirable industrial buildings; a very well-known tenant covenant in United Industries and a sought-after location. There have been very few assets with these investment fundamentals come to the market in recent memory.

The buildings, set across two freehold titles, are positioned on a regular shaped and wide parcel of industrial heavy zoned land totalling 10,106sqm.  

Ideally suited to general logistics through to heavy industrial uses, the warehouses rise to approximately 8m at the knee and 10m at the internal portal apex. The bright warehouses feature heavy duty gantry cranes which are included in the sale.  

Designed for the handling of heavy goods, the buildings have housed the current occupier since their construction and the premises continue to serve their use well. The extra width roller doors access each side of each warehouse, providing full drive-thru and product-thru capabilities.

The offices are a very small percentage of the total floor area, something astute investors will appreciate.

A very desirable offering in a very desirable central location. With a new three year lease, this prime asset will be sold on or before the deadline date.

For sale by Deadline Private Treaty: 4pm, Thursday 13 May 2021 (unless sold prior).

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Colliers, as exclusive agent, is proud to present this exciting retail investment opportunity.

The Colombo is an iconic shopping destination at the edge of Christchurch’s CBD. An eclectic array of retailers, clever layout and aesthetic edge makes The Colombo a unique, boutique destination in its own right that draws in shoppers from all over the city. A choice of cuisine further enhances the experience, ensuring The Colombo’s enduring success.

Nestled between the busy traffic thoroughfares of Colombo and Durham Streets, The Colombo creates a shopping experience that is the envy of its bigger competitors. Key tenants include Smiths City, whose new flagship store, complete with 12-year lease, underpins the centre’s 6.29 WALT by area and accounts for 21.4% of the total rent. A very successful arthouse cinema complex further enhances the strong cashflow with 9.8 years of lease remaining.

For sale by Deadline Private Treaty closing 4pm, Friday 14 May 2021 (unless sold prior).