53 Izone Drive, Rolleston, Selwyn, Canterbury

Savills as joint sole agent is proud to present 53 Izone Drive, Rolleston, to the market on behalf of Fairview Group Property Holdings Limited and FMI Building Innovation Limited (FMI).

Constructed by Calder Stewart in two stages - the majority of which in 2019, this premium grade facility has been designed to incorporate high quality improvements to meet the long term needs of occupier FMI. The building configuration consists of two level office accommodation, a low office to warehouse ratio and high stud manufacturing space with additional components such as 3x5 tonne gantry cranes, which are critical to the occupier’s use.

This prominent property is positioned on a high profile corner site comprising 1.4080ha of land with an exceptional 210 metres of street frontage. Excellent circulation is provided for truck and vehicle access – an important market standard for functionality. The exceptional level of improvements and highly functional site layout, make this a highly appealing site for large scale occupiers and to all astute large scale investors.

Key Lease Terms

• Tenant: FMI Building Innovation Limited (FMI)
• Initial Lease Term: Twelve (12) years (proposed)
• Commencement Date: On settlement
• Rights of Renewal: Two (2) further term of six (6) years (proposed)
• Final Expiry: 24 years from settlement (proposed)
• Fixed Rent Reviews: 3.0% annual increases (proposed)

Key Areas

• Office & Amenities: 410sqm
• Warehouse: 7,457sqm
• Warehouse - office & amenities: 53sqm
• Plant Room: 130sqm
• Yard: 500sqm
• Car Parks: 59
• Site Area: 14,080sqm

Key Fundamentals

• High-quality improvements – constructed by Calder Stewart
• High stud warehouse – 12.5m at the apex
• Low office to warehouse ratio
• Prominent high profile corner site
• 3 x 5T gantry cranes
• 2 x 1,000 kVa onsite transformers

Offered for sale by way of a Deadline Private Treaty campaign closing Wednesday 15th May at 4:00pm NZST (unless sold prior).