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News Release

Christchurch

Sydenham industrial site sold by JLL

A large site in industrial Sydenham has been sold by JLL after an extensive marketing campaign.


 

 

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​​​​​136 - 144 Carlyle Street.jpg

Sales and investment broker Chris Harding of JLL Christchurch is pleased to announce the sale of 136-144 Carlyle Street. 

Building 136 sold for in excess of $1 million to McHarg Bookbinders, a Christchurch business which has been in operation for more than 100 years. 

Building 138-142 sold for $2.1 million to a South Island private investor and is leased to a panelbeating company.  

The property comprises a refurbished and strengthened warehousing and office building on the southern side of Carlyle Street. 

The building has a total floor area of 2,479 sqm and dates from the 1950s with additions at various stages. There are several interlinking warehouses with associated offices and amenities, situated on a total land area of 3,074sqm.

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“This was a rare opportunity to purchase in the ever-popular industrial location of Sydenham, on the southern fringe of Christchurch’s CBD,” Harding says. 

“This area of Sydenham is well located for businesses in terms of traffic linkages as well as being in close proximity to central Christchurch while the rebuild process is undertaken. 

“Few vacancies exist in this location and Sydenham has been subject to market rental growth and hence capital gain in recent years.”

The property is just west of Carlyle Street’s intersection with Gasson Street.