85 Harman Street, Addington, Christchurch

Nestled in the heart of Addington, this freehold property at 85 Harman Street boasts a land area of 708 sqm and a floor area of 644 sqm. Constructed in 1965 with concrete walls and a fibrous cement roof, it presents an average condition both inside and out. The versatile premises include a ground floor office of 45 sqm, a first floor office of 27 sqm, and a spacious 573 sqm warehouse. Its strategic location provides easy access to the CBD and Moorhouse Ave, making it an attractive opportunity for investors or occupiers.

With a capital value of $980,000 as of August 2022, the property has shown a significant increase of 28.95% from its $760,000 valuation in August 2019. The HouGarden AVM estimates the property's value at $897,500, while the latest sales records from October 2024 and January 2023 indicate prices of $1,130,000 and $999,999 respectively.

For families with school-aged children, the property falls within the zones of several reputable schools. These include Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (decile 9), and more. This combination of location, potential for value growth, and access to quality education makes it a rare find in the Addington real estate market.

Updated on December 04, 2024