Administrator Demands Sale - All Offers Considered

Kennaway, Road, Woolston, Christchurch City

Price On Application

Proposed Usage
Development Site
Floor Area
1.00 m²
Land Area
160000.00 m²
Description:
Property ID
1c57q03

Administrator Demands Sale - All Offers Considered



This is a very rare opportunity for astute purchasers to acquire a large, established industrial park. Arrow International is quitting the remaining sites in its Portlink Industrial Park following news that the development company is now in voluntary administration. The Administrator has advised that the property must be sold, and all offers will be considered.

Large parcels of industrial zoned land are very hard to come by in this sought-after location, in close proximity to Lyttelton Port and the central city of Christchurch. The parcel, which includes developed and undeveloped land is 15.9456ha and is to be sold in one parcel.

The 15.9456ha is a mixture of developed, land and raw undeveloped land. The 8 developed sites with titles issued range in size from 661m² – 13,210m². A nominal holding income is gained from a month by month yard lease on one of these sites.

The balance Lot, known as stages 6, 7 and 8, is 12.0077ha and is also included in the sale. The proposed area in stage 6 has had earthworks carried out and has a resource consent for subdivision into smaller lot titles; stages 7 and 8 have not had earthworks carried out.

Significant contribution credits are included in the sale and are lodged against the titles.

The land offers great profile to the Tunnel Road Highway which links the Port to East and North of Christchurch; the transport efficiencies gained from the close proximity to the port is invaluable for a large number of the local businesses.

This is one of the last large industrial land offerings in such close proximity to the CBD and Port.

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Woolston Area