If you have been searching for a conventional, post-earthquake constructed industrial investment with a captive national Tenant, then look no further.
Constructed in 2013, this modern, conventional and well-presented industrial property houses Asmuss Steels pipes and fittings business lines.
Designed and built for Asmuss, the generic building is perfect for their use, yet functional enough to cater to a very wide of businesses in future. Largely utilized as a distribution center for pipe and fittings product lines, the building also provides workshop and spray areas for general servicing and testing. A full drive-around access leads to the north-facing yard areas and drive-through canopy. Well-appointed, single-level offices are served by a huge amount of onsite car parking both at the front and side of the building. New LED lighting through the office and warehouse areas has recently been installed.
With Asmuss’s Steel Store being located in the building next door, 70 Detroit Drive is in a very strategic location for the business.
Having already operated through the initial 12 year lease term on, Asmuss renewed their next term of 6 years from 1 August 2025, highlighting their commitment to the facility. Fixed annual increases provide you with regular growth, while the market reviews on renewal help keep your asset in-check over the longer term.
Positioned within one of New Zealand’s largest industrial parks, the popular and sold-out 180ha industrial development of Izone, the property is surrounded by other quality businesses who benefit from the close proximity to the inland ports and ease of access to the main arterial routes.
With the Southern Motorway extension cutting the travel time to the CBD of Christchurch down to approximately 20 minutes, Rolleston is now largely viewed as just another suburb of Christchurch city.
With a modern, conventional building in a highly-sought location, fixed annual rental growth, and security of lease term from a business who have over 100 years of trading history, this is an investment not to miss.
For sale by Auction 10am, Thursday 17 September 2026 (unless sold prior). Auction venue is Colliers Auction Room, Building 1, Level 1, 181 High Street, Central Christchurch, 8011.
*Boundary lines are indicative only.
Features:
* Modern asset, post-earthquake construction
* Fixed annual rental growth
* Full drive-around access
* Excellent onsite car parking
* Attractive rental rates being well-below replacement
* Freehold title 7,587 sq m
* Floor area 4,700 sq m (as per the Vendors tenancy schedule)
