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Christchurch

Mandeville Street key part of Riccarton’s regeneration

Rare chance to lease former PGG Wrightson building


 

 

Significant piece of industrial land for sale /new-zealand/en-gb/news/848/significant-piece-of-industrial-land-for-saleChristchurchSignificant piece of industrial land for sale
Historic West Coast Hotel for sale/new-zealand/en-gb/news/849/historic-west-coast-hotel-for-saleChristchurchHistoric West Coast Hotel for sale

44 Mandeville St warehouse small-min.jpgThe former PGG Wrightson building is available for lease in Mandeville Street, Riccarton.

JLL agent Haydn Scott is marketing this property on the western fringe of Christchurch’s CBD. 

It features a 1,156sqm warehouse with office space of 660sqm and a yard of 1,854sqm. The property has 36 carparks and is a five-minute drive from the city centre. 

“This location is ideal for manufacturing or distribution. It’s a 15-minute drive from Christchurch International Airport and a 25-minute drive from the port at Lyttelton. 

“The high-stud warehouse is set up for manufacturing or warehousing, with multiple roller doors, a 5000kg gantry crane, large power supply and a large yard.

“The office is two-level with both open plan and individual offices along with meeting rooms, a large café and showroom space,” Scott says. “The property has been brought up to 67 percent NBS and is ready for new occupiers.” 

Riccarton has seen an increase in popularity for both residential and commercial uses in the post-quake era due to its close proximity to the CBD, transportation routes and the generally low levels of earthquake damage experienced. The suburb has a high density underlying land zoning and is one of the more densely populated areas of Christchurch. Given the suburb’s proximity to the University there is a large student population. 

Following the earthquakes a number of central city businesses moved into the commercial area around Mandeville Street which has seen a significant increase in the amenities available in the location in addition to the shopping and transportation hubs of Tower Junction and Riccarton Mall. 

“This is one of only a handful of large industrial properties in the area,” Scott says. “It offers a fairly rare opportunity to take space like this so close to town, amongst the higher density office and showroom developments of Mandeville Street.”

JLL Research Analyst Tom Barclay says the various motorway upgrades around Christchurch will significantly enhance driving times, making moving goods around Christchurch even more efficient. “Christchurch will continue to be the industrial and logistics hub for the South Island,” he says.   

NZTA says its Christchurch Motorways project will mean “faster and more efficient movement of freight in and out of Lyttelton Port and Christchurch International Airport, and around the western edge of the city” meaning this property is perfectly positioned to take advantage of these upgrades

Residents will see a reduction in peak-hour traffic congestion, NZTA says, and travel time will be reduced by up to eight minutes via the Northern Arterial, and up to 30 minutes via the Southern Motorway. ​

Read the story on the True Commercial website here​​