Nestled in a prime location at 9 Disraeli Street, Addington, Christchurch, this industrial property boasts a freehold title with a modern, clear-span design. Constructed in 2000 with concrete walls and an iron roof, both in good condition, the property includes a 284sqm warehouse, 6sqm amenities, a 6sqm mezzanine, and is complemented by four car parks. The capital value has seen a rapid increase of 29.27% from $410,000 in 2019 to $530,000 in 2022, reflecting its investment potential. The property's contour is level, and it features a container height electric roller door, making it an attractive option for businesses.
With a HouGarden AVM of $510,000, the property's latest sale history includes a transaction on September 19, 2024, for $640,000, and a previous sale on September 28, 2020, for $455,000. These figures underscore the property's consistent growth in value and desirability in the market.
For families, the property falls within the catchment area of several reputable schools, including Villa Maria College (decile 9), St Thomas of Canterbury College (decile 8), Middleton Grange School (decile 9), and more. This makes it an ideal choice for those seeking a quality education for their children while investing in a thriving industrial property.
Updated on October 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.25 km | 2 | 1 | 60m2 | Year 2025 Month 01 Day 16 | - | Council approved | |
 | 0.38 km | 2 | 1 | 70m2 | Year 2024 Month 10 Day 29 | $410,000 | Council approved | |
 | 0.36 km | 3 | 2 | 147m2 | Year 2024 Month 10 Day 16 | - | Council approved | |
 | 0.25 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 02 | - | Council approved | |
 | 0.35 km | 2 | 1 | -m2 | Year 2024 Month 08 Day 26 | $430,000 | Council approved |