Rare opportunity to secure new industrial land in Christchurch
A new industrial subdivision for Christchurch has just been released, offering a master-planned 17ha setting and proposed future access to the Belfast Road on/off ramp to the region’s 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 uses: ideal for trades, logistics, warehousing, manufacturing and services.
Located at 79 Factory Rd in Belfast, north of the city, 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 Christchurch CBD and creating easy access to the main arterial route north and south.
Freehold land within the Christchurch city limits with easy access and versatility to develop the site to suit commercial and industrial 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.
Forecast intensification in the surrounding area highlights Factory Road Industrial Park’s potential future growth. Nearby Belfast Business Park is sold out and there are few options in the Christchurch pipeline.
JLL has been appointed to market the 39 sites for sale by 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 Rd 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 futurefocused opportunity,” says Stallworthy.
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. This is an area on the rise, and Factory Road Industrial Park will be positioned perfectly as its business hub,” he says.
Senior director Merv Davies says the sections are competitively priced, and the range between $240 and $350 per square metre will ensure a variety of buyers looking for a blank canvas.
“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 being developed by UWC Ltd, a wholly owned subsidiary of Ian Cassels from The Wellington Company. The engineering, geotech, survey and planning is being delivered by Davis Ogilvie, one of Christchurch's largest multi-disciplinary consultancies.