Final Factory Road industrial lots on market as vendor seeks quick sale

The remaining industrial lots in the 17ha Factory Road Industrial Park in Belfast, Christchurch, have been released to the market, with the vendor keen to complete a quick sell-down. 

The subdivision, developed to meet demand from local industrial and trade owner-occupiers, is jointly marketed by CBRE and Bayleys.

Jeremy Brown, Associate Director of Industrial & Logistics at CBRE Christchurch, and Sam Stone, Head of Industrial Sales & Leasing at Bayleys Christchurch, are managing the sale process, with competitive pricing and flexible options available.

The lots range from 1,000sqm to just over two hectares in size, placing them firmly in the sweet spot for local businesses seeking modern, functional and affordable new premises in an excellent location.

Brown said the lots represent the last undeveloped industrial land available in Christchurch’s Northern Corridor. 

“These site sizes will be highly sought-after by owner-occupiers, offering space to construct business premises that achieve excellent operational efficiency alongside parking and yard space,” he said.

“With titles already issued and services installed to site boundaries, buyers can quickly move through purchase, design and construction phases, significantly streamlining the timeframe to occupation.”

The Factory Road subdivision comprises 39 lots in total, with 10 already sold. Priced from $275 per square metre plus GST, the sites offer excellent value compared with land in larger industrial areas such as Hornby and Rolleston.

Occupiers requiring bigger site sizes are also able to combine lots, enhancing the flexibility of the offering.

Stone said the vendor’s motivation to sell adds further appeal for buyers looking for good value in a strategic location. 

“The vendor is genuinely committed to moving these sites, which presents a great opportunity for businesses to secure well-priced industrial land with excellent motorway connectivity.”

The subdivision’s general industrial zoning allows for a wide range of activities, including light manufacturing, storage, distribution, automotive, trade services and associated businesses such as ancillary retail. 

Two sites have already commenced groundworks and are under construction, reflecting the good local demand for the subdivision.

Flexibility is a further key attraction of Factory Road Industrial Park, with no build ties attached to the lots. Purchasers can freely design and build facilities tailored specifically to their operational needs, Stone added.

“Given the scarcity of available industrial land in Christchurch’s north, this is an excellent opportunity for businesses to design and build their own facility from scratch, future-proofing their property needs and facilitating business expansion in a top location.”

Located at 79 Factory Road, the subdivision benefits from exceptional transport links, prominently situated along the Christchurch Northern Motorway. Approximately 48,000 vehicles pass daily, offering excellent exposure for occupiers.

The strategic positioning also means easy motorway access via Belfast Road off-ramps, connecting efficiently to Christchurch International Airport, Lyttelton Port and Christchurch's CBD within approximately 15 minutes. The area’s rapidly expanding residential suburbs, including nearby Kaiapoi, Woodend, Rangiora and Pegasus, ensure a plentiful supply of local labour.

The area continues to experience substantial residential growth, enhanced by recent and upcoming developments including over 250 residential sections, a Woolworths supermarket and planned community facilities, all less than a kilometre away.

“Businesses buying in Factory Road can capitalise on the ongoing growth and investment in the Belfast area,” said Brown. “The locality is developing fast, and the subdivision is perfectly positioned to serve occupiers based in the expanding Christchurch northern corridor.”