Strategic landing point in airport corridor

A fully leased, multi-tenanted commercial hub positioned within Christchurch’s tightly held airport corridor is being brought to market, offering investors diversified income underpinned by established occupiers and long-term growth drivers in one of the city’s most strategically connected locations, Bayleys brokers say.

Bayleys Christchurch’s Elliott Jones, Jesse Paenga and Alex White are marketing the property at 567 Wairakei Road for sale by deadline, closing at 4:00 pm on Tuesday, 16th April 2026 (unless sold prior).

Comprising approximately 1,470sqm of lettable area across five tenancies situated on a 3,063sqm (more or less) site, the property generates a net annual income north of $400,000 plus OPEX and GST.

The tenant profile is balanced across healthcare, infrastructure, technology and professional service sectors, providing a resilient income base anchored by organisations operating within essential and growth-aligned sectors. Recent lease commencements across 2024-2026 reinforce income security while offering staggered lease events.

Jones says the asset is offered to the market as investors zero in on well-located commercial property offering both income certainty and future flexibility.

“Investors are increasingly focused on assets that combine dependable cash flow with underlying land value and leasing optionality. Properties within airport-linked corridors are particularly sought after, given their connectivity, exposure, and alignment with logistics, infrastructure and service-based demand.

“The subject property delivers on those fundamentals, with a layered income profile and a location that continues to benefit from Christchurch’s northern growth trajectory.”

Positioned on a key arterial route linking State Highway 1 with Christchurch International Airport and surrounding industrial precincts, the property benefits from high daily traffic volumes and strong brand exposure.

The surrounding Harewood and Russley precincts host a well-established mix of trade, service, and commercial businesses supporting consistent occupier demand.

Bayleys South Island’s capital markets director, Jesse Paenga, says continued infrastructure investment and residential expansion across Christchurch’s northern corridor further strengthen the investment case for airport-adjacent assets.

“Christchurch International Airport is a key economic gateway for the South Island, supporting a broad ecosystem of logistics, services and commercial activity.

“As the surrounding residential catchment continues to expand, businesses located within this corridor benefit from increased exposure and accessibility, which in turn supports tenant retention and rental stability.”

In addition to a diverse tenant profile, the property offers add-value potential through the ability to expand the first-floor area by approximately 30-40sqm, creating scope to increase lettable area and enhance future income.

The building’s functional layout, including amenities on each level and on-site car parking, supports tenant operations and long-term occupation.

“Christchurch’s investment market has demonstrated remarkable resilience through recent volatility, with investors continuing to prioritise opportunities that deliver both income and growth,” Paenga says.

“Assets within established airport precincts remain tightly held, with the subject property presenting a compelling opportunity for capital seeking a strategic position within a proven growth corridor.”