Foodstuffs’ enormous South Island warehouse for sale
Foodstuffs’ enormous South Island warehouse goes on the market for sale
One of the largest commercial buildings in the South Island has been placed on the market for sale.
The Christchurch dry goods distribution hub for supermarket giant Foodstuffs is a massive 17,108 square metre warehousing unit sitting on 31,016 square metres of land in the city-fringe suburb of Papanui. The site is being subdivided off a larger 56,299 square metre plot.
The imposing warehouse complex was originally built in 1971, and was added to in various stages through until 1999. With a stud height stretching up to eight metres, the premises are Foodstuff’s dry goods warehousing centre for the entire upper and central South Island.
The entire property of 56,299 square metres has a 2007 council valuation of $19.4million – of which $13.9milion is for building improvements. The warehousing structure has a large expanse of concreted yard for the trucked delivery and onward distribution of grocery products under 2,288 square metres of canopy.
The Foodstuffs’ distribution centre warehouse is being marketed for sale through Bayleys Canterbury – with offers closing on November 7. Bayleys Canterbury sales person Stewart White said that as part of the terms of any sale, Foodstuffs would commit to a one-year lease from December, with three further one-month renewals, until the company moved into its new and bigger purpose-built warehousing complex in Hornby.
Mr White conceded that the sheer size and scale of the warehouse meant it would most likely be bought with a view to subdividing the current warehousing structure into smaller units, or could be redeveloped to suit a mix of community-focused buildings suitable for indoor sporting or social amenities.
“There could also be the potential to develop a bulk retail complex targeting the home furnishings and fittings market,” Mr White said.
“Such a mooted opportunity sits well with the nearby Northlands Mall shopping complex anchored with its large supermarket tenancies of Pak ‘n’ Save and Countdown, along with complimentary niche and specialty stores and the six screen cinema.
“The dual access routes off Lydia Street to Northcote Road, and Main North Road, also allow for different development permutations. This particularly applies to an underutilised grass area.”
The land currently has a Business 4 zoning. It borders land with Business 4 and Living 1 zone classifications.
The building has concrete foundations and floor, some full height tilt slab walls braced with steel girts and iron cladding, and long run iron roofing. Adjacent to the sealed yard is a significant grassed area available for development.