Multi-tenanted commercial hub in booming Rolleston

A smart multi-tenanted commercial complex for sale in residential Rolleston offers investors a chance to tap booming demand in New Zealand’s fastest growing district.

The near-new neighbourhood hub known as Falcons Nest spans three buildings across a trio of freehold titles. It sits on a prominent corner site on Falcon Road in an expansive residential area in the southeast of the thriving Canterbury town.

The property’s eight tenancies are fully leased to diverse businesses including a convenience store, various food outlets, a chiropractic clinic, and national mortgage brokers Squirrel Mortgages, along with a barbershop and laundromat.

The leases, with a weighted-average lease term of nearly 4.3 years, generate a combined net rental return of approximately $262,872 plus outgoings and GST per annum.

Most of the lease agreements provide for annual CPI rent reviews and market reviews every three years.

Bayleys salesperson Graeme Donaldson said the complex offered a quality, income-generating investment in a thriving location, around 25 kilometres southwest of central Christchurch.

“The diverse tenancy mix reduces reliance on any single occupant, providing strong income stability and minimising vacancy risk,” he said.

The freehold land and buildings at 46 Falcon Road, Rolleston, are being marketed for sale by Donaldson and colleague Levi Dwan of Bayleys Canterbury.

The property will be sold by deadline private treaty closing on Thursday 11 December, unless it is sold earlier.

The complex comprises approximately 751 square metres of buildings, underpinned by some 1,752 square metres of land with plenty of on-site parking. The land is zoned Neighbourhood Centre under the Selwyn District Plan.

Constructed in 2023-24, the buildings have a seismic rating of 100 percent of new building standard.

Anchor tenant, Indian eatery Bolina Sweets, trades from its approximately 241-square-metre premises on a current lease that runs to 2030 with two further six-year rights of renewal. This generates a net rental of $84,416 per annum.

“Positioned with good access at the corner of Falcon Road and Branthwaite Drive, the Falcons Nest complex is conveniently placed to cater to neighbourhood demand. It blends nicely into the local environment and functions well with a varied mix of offerings,” said Donaldson.

Dwan said a vital selling point was the property’s location in booming Selwyn, the country’s fastest-growing district.

“Rolleston’s population has grown tenfold to over 30,000 in a little over 20 years, transforming it from a small rural town into a thriving suburban and commercial hub. Local amenity, affordability and excellent land conditions give it a magnetic attraction as a place to live and work.

“Since the 2011 Christchurch earthquakes, the district has seen a swathe of new housing, new schools and, to meet the ever-increasing demand, an abundance of commercial and retail development.

“A key driver of growth is Rolleston’s large-scale industrial business park, which has become one of Canterbury’s pivotal logistics and manufacturing centres – and a vital provider of employment – as national and international companies move in due to its location and excellent transport links.

“The Southern Motorway extension has further reinforced the attraction by cutting travel times to Christchurch and the wider region. Sound district planning and investment in quality infrastructure position Rolleston well to accommodate ongoing growth,” Dwan said.