187 Riccarton Road, Riccarton, Christchurch

Nestled at 187 Riccarton Road, Riccarton, Christchurch, this Freehold property is a gem in the commercial sector, specifically tailored for small health operations. Constructed in 1950 with a mixed materials exterior and a Malthoid roof, the building stands firm with an average condition for both walls and roof. Spanning a level contour, the property boasts a floor area of 188 square meters and a land area of 589 square meters, complemented by 2 car parks.

With a CV of $1,070,000 as of August 2022, the property has shown a remarkable increase of 22.99% from its 2019 CV of $870,000. The HouGarden AVM estimates the property's value at $980,000, while the latest sale records from November 2024 and March 2017 indicate values of $1,189,000 and $890,000 respectively, showcasing a consistent capital growth trend.

For families, the property falls within a highly sought-after school zone. It is in close proximity to esteemed institutions such as Villa Maria College (Decile 9), Christchurch Boys' High School (Decile 10), Christchurch Girls' High School (Decile 9), and more. These schools cater to various educational levels and are known for their high standards and decile ratings.

Updated on December 11, 2024