Riccarton warehouse and office building for lease

The former PGG Wrightston building which is available for lease in Riccarton.

A former PGG Wrightson building is available for lease at 44 Mandeville St, in Riccarton, on the western fringe of the Christchurch CBD.

JLL agent Haydn Scott, who is marketing the property, says it encompasses a 1156sqm warehouse with office space of 660sqm and a yard of 1854sqm. The property has 36 carparks and is a five-minute drive from the city centre.

"This location is ideal for manufacturing or distribution," Scott says. "It's a 15-minute drive from Christchurch International Airport and a 25-minute drive from the Port 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 per cent New Building Standard 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 closeness to the Christchurch CBD, transportation routes and the generally low levels of earthquake damage experienced.

The interior of the 1156sqm warehouse which also has office space of 660sqm.

The suburb has a high density underlying land zoning and is one of the more densely populated areas of Christchurch. The suburb is near to the University of Canterbury and has 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 addition to the shopping and transportation hubs of Tower Junction and Riccarton Mall," Scott says.

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

Haydn Scott, JLL.

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.

"The NZ Transport Agency says its Christchurch motorways' project will result in the faster and more efficient movement of freight into and out of Port Lyttelton and Christchurch International Airport, and also around the western edge of the city. This property is perfectly positioned to take advantage of these upgrades.

"Residents can expect to see a reduction in peak-hour traffic congestion and travel time will be reduced by up to eight minutes via the northern arterial route and up to 30 minutes via the southern motorway."