Secure a dependable long-term investment in the heart of Canterbury’s thriving rural sector with this well-presented commercial property in Rakaia.
Leased to PGG Wrightson, one of New Zealand’s most recognised rural service companies, this property offers the confidence of a long-term tenancy secured through to 2041. The lease was renewed in January 2026 and currently returns $67,973 per annum plus GST and outgoings, with structured three-yearly rent reviews providing future growth potential.
Positioned centrally within the progressive township of Rakaia, a key rural service hub in Mid Canterbury, the property occupies a substantial 3,035m² Commercial A zoned site under the Ashburton District Plan. The fully fenced, secure and metalled site provides excellent accessibility, generous on-site storage, efficient vehicle circulation and ample parking.
Improvements include a well-maintained 424.95m² main building incorporating warehouse, showroom, office and staff amenity areas, with prominent customer access from Railway Terrace West. A separate 42.35m² garage provides additional storage functionality.
This is an outstanding opportunity for investors seeking a passive commercial holding backed by a strong national tenant, whether as an addition to an existing portfolio or as a straightforward entry into commercial property investment. Properties offering long-term lease security in prosperous rural communities continue to attract strong interest, and we encourage early enquiry on this quality investment opportunity.
