32 Hammersmith Drive, Wigram, Christchurch

Nestled in the heart of Wigram at 32 Hammersmith Drive, this exceptional industrial property boasts a generous freehold landholding of 6,247sqm. Constructed in 2004 with a mix of materials for the walls and iron for the roof, the building presents in good condition both inside and out. It spans a vast floor area of 3,633sqm, featuring a clear span warehouse with multiple roller doors, complemented by modern offices. The property is complete with a large, secure yard and 50 carparks. With a current Capital Value of $6,710,000, it has shown a remarkable CV increase of 23.35% since 2019. The latest sale history points to a transaction of $7,910,000 in 2024, while the HouGarden AVM estimates the property's worth at $6,650,000.

Educationally, the property falls within the zone of several esteemed schools, including Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), indicating a high standard of schooling in the area. Other schools in the vicinity include Hornby High School, Middleton Grange School, Wigram Primary School, Aidanfield Christian School, Christchurch Adventist School, and Hagley Community College, catering to various educational needs.

This industrial gem offers a solid investment opportunity with a strong tenant covenant, generating an impressive annual net rental income of $510,000. With regular rent reviews and positioned in Christchurch's premier industrial location, this property is a first-class industrial investment that's not to be missed.

Updated on November 13, 2024