Savills is pleased to offer for sale 112 & 114 Wrights Road, Addington, a substantial office investment and value-add opportunity within one of Christchurch's most established commercial precincts. Comprising approximately 5,250sqm of freehold land across two office buildings, the property combines secure holding income with significant repositioning potential.
Returning $673,942.80 per annum from a diverse tenant profile, the asset benefits from 93 on-site car parks, an established café amenity and expansive views across Addington Raceway. With approximately 816.81sqm of vacant accommodation immediately available, purchasers are well-positioned to pursue strengthening, leasing and refurbishment initiatives from day one.
Extensive engineering work has already been undertaken, including detailed strengthening documentation for 112 Wrights Road and concept strengthening plans for 114 Wrights Road, both targeting 73% NBS.
Property Highlights:
- Approx. 5,250sqm freehold landholding
- Current net income of $673,942.80 p.a.
- Potential income of $905,997.45 p.a.
- Approx. 3,313.85sqm net lettable area
- Approx. 816.81sqm of vacant accommodation providing immediate upside
- 93 on-site car parks
- Engineering documentation targeting 73% NBS
- Diverse tenant profile with staggered lease expiries
- Attractive outlook across Addington Raceway
- Located minutes from Christchurch CBD, One NZ Stadium and surrounding amenities
A rare opportunity to acquire a scale commercial investment with multiple pathways to create value. 112 & 114 Wrights Road, Addington is offered for sale by Deadline Private Treaty closing 4.00pm, Thursday 29 October 2026 (unless sold prior).
Contact Savills sole agents today for further information or to arrange an inspection.
