Located at 1 Edmonton Road, Hornby South, Christchurch, this industrial property is categorized as Light manufacturing, featuring a floor area of 451 square meters. Constructed in 2019 with concrete walls in good condition and an iron roof also in good condition, it represents modern industrial architecture. The property operates under a Unit Title ownership, emphasizing its suitability for various industrial applications.
Over the years, the capital value of this property has seen a significant increase, from $1,440,000 in August 2019 to $1,760,000 in August 2022, marking a 22.22% growth. This growth is supported by a HouGarden AVM estimate of $1,730,000. Despite fluctuations, the latest sale records show a consistent figure of $1,360,000 in both February 2023 and February 2024.
The property is zoned within an area that offers a diverse range of educational institutions, including Villa Maria College (Secondary, decile 9), Hornby High School Years 7-8 (Secondary, decile 3), St Thomas of Canterbury College (Secondary, decile 8), South Hornby School (Contributing, decile 4), Middleton Grange School (Years 11 - 13, Composite, decile 9), Aidanfield Christian School (Composite, decile 8), Christchurch Adventist School (Composite, decile 5), and Hagley Community College (Secondary, decile 6). This variety provides ample educational opportunities for residents in the vicinity.