Nestled in the bustling industrial hub of Bromley, 24a Wickham Street presents a prime freehold property with immense potential. Constructed in 2000, this industrial warehouse boasts a roughcast exterior, an iron roof in good condition, and a level contour. It spans a total floor area of 452sqm on a generous 786sqm land, complete with 8 carparks. The property's capital value has seen a rapid increase of nearly 30%, jumping from $570,000 in 2019 to the current $740,000 as per the latest government valuation. The HouGarden AVM estimates it at $720,000, while the latest sale history dates back to 2000 at $105,000.
For investors and businesses, the property's 'as is where is' status offers a golden opportunity for value addition. Zoned for Industrial Heavy use, it includes office amenities, a low stud storage, and a vast warehouse space. Its strategic location provides easy access to the city center, the Port of Lyttelton, and is served by major thoroughfares like the Ring Road.
Educationally, the property falls within a desirable school zone. Middleton Grange School, a composite institution with a decile rating of 9, is one of the several well-regarded schools in the area. Others include Hillview Christian School (decile 7), Bromley School (decile 3), and Marian College (decile 8), among others, catering to diverse educational needs.
Updated on July 23, 2024
