Located at 2 Birmingham Drive, Middleton, Christchurch, this industrial property is designed for light manufacturing, featuring a floor area of 130 sqm. The building, constructed in 1987 with concrete walls and an iron roof, is in good condition. It offers two carparks and operates under a Unit Title ownership. The property is well-suited for businesses seeking a modern office space with a mix of open plan areas, private offices, and meeting rooms.
Over the past few years, the capital value of this property has seen a significant increase, from $330,000 in August 2019 to $410,000 in August 2022, marking a 24.24% growth. The latest sale recorded on January 31, 2024, was at $470,000, up from $268,000 in October 2009. The HouGarden AVM estimates the property's value at $392,500.
The property is located within excellent school zones, including Villa Maria College, Kirkwood Intermediate, St Thomas of Canterbury College, Riccarton High School, Middleton Grange School, Wharenui School, Christchurch Adventist School, and Hagley Community College. These schools range from decile 3 to 9, covering various educational levels from full primary to secondary.
Updated on April 05, 2024.