198 Yaldhurst Road, Sockburn, Christchurch

Located at 198 Yaldhurst Road, Sockburn, Christchurch, this commercial property, categorized under 'Commercial - Motor vehicles', spans a generous floor area of 260 square meters on a substantial land area of 1188 square meters. The property boasts a freehold ownership type, ensuring complete control and ownership. Constructed with concrete walls and an iron roof, the building's condition is rated as average for both its walls and roof, providing a solid foundation for any business venture. With ample parking space for up to 10 vehicles, it caters to both staff and customer needs.

Over the years, the property has seen a significant increase in its capital value, growing from $770,000 in August 2019 to $1,020,000 in August 2022, marking a 32.47% increase. This growth is a testament to the property's increasing value in the market. The latest sale recorded on November 30, 2023, was at $1,042,500, slightly above the HouGarden AVM of $1,005,000, indicating a strong and stable market presence.

The property is strategically located within the zones of several reputable schools, enhancing its appeal. Avonhead School (Full Primary, decile 7), Villa Maria College (Secondary Year 7-15, decile 9), St Thomas of Canterbury College (Secondary Year 7-15, decile 8), Riccarton High School (Secondary Year 9-15, decile 6), Middleton Grange School (Years 11 - 13, Composite, decile 9), Christchurch Adventist School (Composite, decile 5), and Hagley Community College (Secondary Year 9-15, decile 6) are all within the vicinity, offering a range of educational options for families.