2/39 Sonter Road, Wigram, Christchurch

Nestled on the sunny side of the esteemed Sonter Road in Wigram, Christchurch, lies a prime industrial property at 39b Sonter Road. This well-designed, low maintenance industrial unit, built in 1989 with concrete walls and iron roofing, both in good condition, offers a spacious floor area of 440 square meters and ample parking for three cars. It boasts an enviable office to warehouse ratio and a large container door facing north, making it an ideal investment for a variety of businesses. The property, with a current Capital Value (CV) of $940,000 as of August 2022, has seen a significant increase of 20.5% from its 2019 CV of $780,000. The property holds a Unit Title and has a HouGarden AVM of $857,500, with a latest sale record of $970,000 in 2024, demonstrating a substantial growth from the previous sale of $292,000 in 2003.

For investors seeking stable returns, this property has provided a consistent income for the current owners for the past 21 years. The property falls within a desirable school zone, including secondary schools like Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), and Hornby High School Years 7-8 (Decile 3), among others. This not only adds to the property's value but also ensures a high demand for rental opportunities in the area.

With its solid construction, attractive investment potential, and a favorable location in a sought-after school district, this industrial gem is a rare find in the market. It's a chance to secure a quality industrial investment that promises returns for years to come.

Updated on December 04, 2024