4/123 Ingram Road, Rukuhia, Waipa

Located at 4/123 Ingram Road, Rukuhia, Waipa, this near-new industrial warehousing unit offers a unique opportunity right next to the Hamilton Airport runway. The property, built in 2020, features a 152sqm warehouse, 27.5sqm of office space, and three allocated car parks. Constructed with iron walls and roofing, both in good condition, it spans a floor area of 180sqm under a Unit Title ownership. This practical and thoughtfully designed unit promises low maintenance and a vibrant work environment, thanks to its airstrip siding location.

From a financial perspective, the capital value of this property has seen a significant increase from $400,000 in August 2019 to $560,000 in August 2022, marking a 40% growth. The latest sale, recorded on February 29, 2024, was at $590,000, slightly above the HouGarden AVM of $547,500. This growth trajectory underscores the property's investment potential in a precinct experiencing unprecedented growth and now considered a preferred industrial hub for high-profile occupiers.

Education-wise, the property falls within the zone of Rukuhia School, a Full Primary institution with a decile rating of 8, indicating a high level of community socio-economic advantage. This location offers excellent connectivity to major roads, being within 15 minutes of Hamilton CBD, Cambridge, and Te Awamutu, and provides easy access to the SH1 motorway. The industrial precinct's near neighbours include notable businesses such as Visy, Waitomo fuel, Waikato storage, and Webbline, further enhancing its appeal as a prime business location.