Colliers, as sole marketing agent is pleased to present 85 Shands Road, Hornby, Christchurch. 85 Shands Road comprises a total land area of approximately 43,042sqm, and is located in a high profile position with frontage onto Shands Road and Seymour Street, down from the new Southern Motorway Shands Road interchange.
Leased to Oji Fibre Solutions (NZ) Limited the building is currently utilised as a cardboard production factory and comprises several buildings across the one title. Oji Fibre have purchased a large parcel of land in Hornby for a new development and their current lease term expiries 1 January 2023.
Those with an eye to the future will appreciate how hard it is to secure prime tracts of land in such a high growth location and so close to large scale retail developments. Zoned Industrial General, the property has many permitted uses including trade-retail, transport and logistics, however, one could also easily see an alternative use being planned for this site in the medium term.
With a substantial passing income, any astute investor/developer will appreciate the strong cash-flow while they plan the next chapter for what is one of the most impressive industrial property locations in the city.
For sale by Deadline Private Treaty closing 4pm, Thursday 17 June 2021 (unless sold prior).
Ref #: 20495015