Big Christchurch warehouse property

3:00 PM Tuesday November 17, 2015 Colin Taylor

An elevated view of the large warehouse complex for sale at 78 Treffers Rd, Wigram, Christchurch.

A sprawling ‘as-is where-is’ industrial property offering a high holding income in popular Wigram, Christchurch, is expected to be keenly contested by prospective buyers.

The 20,313 sq m site at 78 Treffers Rd comprises three standalone warehouses with two smaller service buildings and a large sealed yard.

Charter Trucks, The Warehouse and Hagley Building Products all hold short term leases within the property,” says Sally Ryan, an industrial specialist with Colliers International, who, with colleague Sam Staite, is marketing the property for sale by deadline private treaty, closing December 10.

Ryan says the site is zoned Business 5, which is characterised by a wide range of both light and heavy industry, processing and warehousing.

“Located on the western side of Treffers Rd, it’s relatively flat and conventionally shaped. The large sealed yard to the rear of the site has an excellent container and goods storage area while drive around access provides for efficient site traffic flow. Staff car parking at the front of the property is away from truck movements and works well from a health and safety aspect,” Ryan says.

She says recent significant roading projects have increased the popularity of the location.

“The new Southern Motorway has greatly enhanced travelling times to Hornby and the south. Also, a new fly-over from Wigram Road to Birmingham Drive is currently under construction which will link Wigram with Middleton and improve traffic flows in the area.

“This area of Wigram was largely developed through the 1990s and 2000s and houses a wide range of local, national and international businesses that are generally light industrial.

“The new Wigram Business Park, which is just ‘a stone’s throw, from this property has recently sold out and typically comprises of very high quality industrial buildings.”

Ryan says prospective buyers will need to carry out their own due diligence but the owners commissioned exhaustive reports on the land and buildings which they will make available to prospective buyers.