A new industrial subdivision for Christchurch has just been released, offering a master-planned 17ha setting and proposed future access to the Belfast Rd on/off ramp to the Northern Expressway and Main North Road.
Comprising 39 sites ranging from 998sq m to 24,400sq m, Factory Road Industrial Park is zoned Industrial General, allowing for a wide range of industrial and compatible uses: ideal for trades, logistics, warehousing, manufacturing and services.
Located in ever-popular Belfast, this is a rarely seen, highly sought opportunity in a strategic location.
The new northern motorway has been a game changer for Belfast drastically reducing travel time to the city centre and creating easy access to the main arterial route north and south.
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Freehold land within the Christchurch city limits with easy access and versatility to develop the site to suit occupiers' needs is in short supply.
Factory Road Industrial Park presents opportunities to a broad mix of potential buyers seeking freehold industrial land to develop for business, to lease, or to grow a portfolio.
The versatility of a brand-new industrial site does not come to market often – nearby Belfast Business Park is sold out and there are few options in the Christchurch pipeline.
Forecast intensification in the surrounding area highlights Factory Road Industrial Park’s potential future growth.
JLL has been appointed to market the 39 sites for sale by way of fixed price, with settlement expected late next year once titles are issued.
JLL Head of Christchurch Hamish Stallworthy points to surrounding businesses and access to Christchurch city as key factors that make this location so attractive.
“Only a short drive from the CBD, approximately 10 minutes to the airport, and with potential direct access to Belfast Road on/off ramp to the Northern Expressway and Main North Road, owner-occupiers and investors that secure a site at 79 Factory Road are buying a future-focused opportunity,” says Stallworthy.
“Nearby Belfast Business Park is already sold out, indicative of the desirability of commercial assets in a tight national market.”
Beyond ease-of-access and potential commute times, industrial sales and leasing broker Tom McAuliffe regards the development of the surrounding area as a highlight of these freehold sites.
“Urban intensification in the surrounding area points to forecast population growth, especially with the new Belfast subdivision of more than 250 sections, a new Countdown supermarket, and a planned school, healthcare centre, and retirement village,” says McAuliffe.
“This is an area on the rise, and Factory Road Industrial Park will be positioned perfectly as its business hub.”
Versatility is a drawcard for these brand-new industrial lots, as Senior Director Merv Davies explains:
“These sections are competitively priced, and the range between $240 and $350 per square metre, a will ensure a variety of buyers looking for a blank canvas to develop,” says Davies.
“Starting at $349,300 plus GST, the ability to develop one of these brand-new sites is an excellent opportunity that astute investors will not miss. There are no ties to a nominated construction partner, the developer is happy to work with existing relationships that tenants, investors or business owners may have."
Factory Road Industrial Park is developed by UWC Ltd, a wholly owned subsidiary of Ian Cassels from The Wellington Company. Established in 1990, the company has been a major player in the development of urban environments and historic places in New Zealand, focused on revitalising places of interest and delivering development solutions founded on community building.
The engineering, geotech, survey and planning is being delivered by Davis Ogilvie - one of Christchurch's largest multi-disciplinary consultancies. Sales are being led by Hamish Stallworthy and the JLL team.
- Article supplied by JLL
