Rolleston sits at the heart of New Zealand’s fastest-growing district, and a fully leased, medium format retail property now for sale in the town centre gives investors the chance to tap into the boom.
Building B at 1 Rohutu Way, part of the Rolleston Fields precinct, is being marketed by Colliers Christchurch Director of Investment Sales Courtney Doig.
“Major national retailers have strategically invested in tenancies in Rolleston to capitalise on the growth evident over the last decade and longer,” Doig says.
“Ongoing infrastructure investment is strengthening the town’s role as a central economic and community hub for the Selwyn District.”
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Strong covenants and national brand tenancies are a key attraction of the 1 Rohutu Way property, alongside the opportunity to benefit from the continued growth of the district, she says.
“Building B is fully leased to recognised brands, with fixed annual rental growth and a good spread of risk across the three tenants.
“It offers compelling tenant covenants in a newly constructed, architecturally designed building.”
The building is leased to three well-known organisations: Petstock, Bargain Chemist, and The Salvation Army.
“Rolleston’s young family demographic is exactly what retailers like these are targeting,” Doig says.
Building B sits on a 1,713sq m freehold site zoned Business 1, with approximately 1,601sq m of floor area and access to 503 shared car parks. Leases run through to 2030 and 2031, with rights of renewal for each tenant.
Petstock, backed by Woolworths Group, occupies 540sq m, with Bargain Chemist taking 520sq m, and The Salvation Army 533sq m.
“Woolworths Group’s investment in Petstock reflects the confidence major brands have in Rolleston.”
“The Rolleston Fields store has become a flagship location for a community with one of the highest rates of pet ownership in New Zealand.”
The property is about 25km south-west of Christchurch, just off State Highway 1.
Selwyn was New Zealand’s fastest-growing district in the year to June 2026, with the population up 2.9 per cent to 90,800.
Rolleston has been booming in the national population figures for several years and the precinct benefits from a young family demographic and robust regional spend.
New residential subdivision developments continue to add to the rapid expansion environment.
Selwyn District Council has invested more than $128 million in the town, and the NZTA’s Southern Motorway has cut travel time to Christchurch to around 15 minutes.
The property is offered for sale by deadline private treaty closing at 4pm on Thursday 3 December, unless sold prior.
- Supplied by Colliers
