10 Sir William Pickering Drive, Burnside, Christchurch

Own and Occupy - Desirable Office Warehouse

Bayleys presents 10 Sir William Pickering Drive, Burnside, Christchurch, to the market for sale. Currently utilized as a New Zealand Post printing facility, this state-of-the-art production centre is becoming vacant on or before 31 January 2025. The building features substantial offices, temperature controlled production / printing areas with a huge power supply, bright warehousing plus a covered canopy area.
A major refurbishment plus extension was carried out for the tenant in 2012, and as such, the fit-out is of a standard you would expect from a government owned entity. Major electrical rewiring, new exterior cladding, new double-glazed joinery, and significant internal joinery and insulation were just some of the areas improved at the time.
With a stunning outlook over the prestigious Russley Golf Course, the park-like freehold section totals over 14,000sq m, and with a site coverage of around just 23%, the expansion/redevelopment opportunities are obvious and will provide your company with excellent growth ability in the long term. The syndicate of private owners have enjoyed over 20 years of healthy returns however the time has now come for them to move in their own directions and as such the motivation to sell is high. For sale by Deadline Private Treaty: 4pm, Thu 12 June 2024 (unless sold prior).

Features:
- NZ Post vacating on/before February 2025
- Park-like freehold section of 14,163sq m
- Substantial production/office facility of 3,265sq m
- Significant power-supply
- Major refurbishment/extension 2012
- High-quality fit-out
- Room for growth with very low site coverage of circa 23%
- Motivated vendors will consider all offers
*Boundary lines are indicative only.