Nestled at 622 Ferry Road, Woolston, Christchurch, this commercial-retail property is set on a freehold land with a floor area of 280 square meters and a land area of 524 square meters. Constructed in 1982, the property boasts concrete walls and a fibrous cement roof, both in good condition. It offers competitive rental opportunities with rear access from the carpark, which includes 2 parking spaces.
Since August 2019, the Capital Value (CV) has seen a significant increase of 22.86%, reaching $860,000 as of August 2022. The HouGarden AVM estimates the property's value at $852,500, while the latest sale records from 2024 and 2012 indicate a substantial growth in value from $570,000 to $1,480,000. These figures highlight the property's investment potential.
For families, the property falls within the catchment area of several reputable schools. Middleton Grange School, a composite school with a decile rating of 9, is one of the highlights. Other schools in the zone include Hillview Christian School (decile 7), Ngutuawa School (decile 3), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College (Year 7&8) with a decile rating of 3.
Updated on November 13, 2024