Modern warehouse in Christchurch Business Park
Carus Group is relocating from 15 Avenger Crescent in the Wigram Business Park. Photo / Supplied
The sale of a modern, architecturally-designed warehouse building in Christchurch’s Wigram Business Park is being marketed as presenting an ideal opportunity for investors and owner occupiers.
“This is a great chance to acquire a top-quality asset in a sought-after industrial sector, in a popular business park,” says Benjamin Dwan of Savills Real Estate who, with colleague William Wallace, is marketing 15 Avenger Crescent for sale by deadline private treaty closing on September 27.
Dwan says the building is split into two separate tenancies occupied by painting and building maintenance company Carus Group and floor covering specialist Floor Store.
With Carus Group moving to a bigger property, the unit will be becoming vacant in the next 12 to 24 months, he says.
“Carus Group occupies the larger unit within the property which has 775sq m of warehouse and office space along with 10 car parks. The group’s upcoming move makes this property an ideal option for businesses looking to buy and move into premium industrial premises. There’s also the added bonus of additional income from the smaller tenancy leased to Floor Store.”
Wallace says no expense was spared in the design, construction and fit-out of the building. “This is a stunning warehouse and office facility that would make a trophy addition to investors’ portfolios. It will also lend significant prestige to any future occupier’s brand.”
The building has 1011sq m of floor area in total, split into two tenancies - each having warehouse, office, showroom space and staff amenities. The 1616sq m corner site has dual entry and exit points and good profile to the Christchurch Southern Motorway.
Developed by Ngāi Tahu Property, Wigram Business Park is Christchurch’s newest industrial estate in which 85 per cent of the sites have now been developed.
“The park is now home to a prestigious collection of occupiers and is very popular among businesses wanting to occupy modern, state-of-the-art premises on quality land to the west of Christchurch with good transport links,” Wallace says.
“Wigram Business Park is within easy access of the Southern Motorway, which provides efficient and reliable connections to the central city, Lyttelton Port and State Highway 1 via Hornby.”
The business park is also located next to the Wigram Skies residential development, which contains 1400 sections and a new town centre providing shops, cafes and services to a large surrounding community.
Dwan says the property is considered a prime investment holding, given its design, immaculate fit-out and location in Wigram Business Park.