Nestled in the serene cul-de-sac of 4 Abros Place, Burnside, Christchurch, lies a compelling industrial investment opportunity. This freehold property, built in 2000, boasts mixed materials for both its walls and roof, sitting on a spacious 5,654 square metre land with a floor area of 3,480 square feet. The warehouse, with its 64 carparks, is tenanted by the reputable Bargain Chemist under a new 10-year lease, offering a secure investment with rights of renewal until 2041. The capital value has seen a significant increase of 30.33%, from $3,330,000 in 2019 to $4,340,000 in 2022, reflecting the property's growing worth. The latest sale history showcases a leap from $3,100,000 in 2021 to $4,700,000 in 2024, indicating a high demand for such prime industrial real estate.
With a HouGarden AVM valuation of $4,160,000, this property presents a golden opportunity for investors. The government's decile ratings for nearby schools are a testament to the area's educational excellence, with contributing schools like Te Ara Maurea Roydvale School at a 10 decile rating, and esteemed secondary schools such as Burnside High School and Villa Maria College rated 8 and 9 respectively. This, combined with the convenient location near Christchurch International Airport and State Highway 1, makes it an even more attractive proposition.
Indeed, this is an exceptional industrial investment with a secure 10-year lease, located in a prime area with an excellent school network, and boasting a strong capital value growth history.
Updated on April 11, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Te Ara Maurea Roydvale School | 0.66 km | Primary | 1-6 | Government | Co-Educational | EQI: 389 | 10 | |
Breens Intermediate | 0.73 km | Secondary | 7-8 | Government | Co-Educational | EQI: 450 | 7 | |
Burnside High School | 1.99 km | Secondary | 9-15 | Government | Co-Educational | EQI: 418 | 8 | |
Emmanuel Christian School | 2.03 km | Combined | 1-10 | Government | Co-Educational | EQI: 419 | 8 | |
Christ The King School (Burnside) | 2.16 km | Primary | 1-8 | Government | Co-Educational | EQI: 370 | 8 | |
Cobham Intermediate | 2.51 km | Secondary | 7-8 | Government | Co-Educational | EQI: 410 | 8 | |
Christchurch Adventist School | 3.54 km | Combined | 1-13 | Government | Co-Educational | EQI: 438 | 5 | |
St Patrick's School (Bryndwr) | 3.63 km | Primary | 1-8 | Government | Co-Educational | EQI: 379 | 10 | |
St Joseph's School (Papanui) | 3.66 km | Primary | 1-8 | Government | Co-Educational | EQI: 392 | 9 | |
Villa Maria College | 4.20 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 407 | 9 | |
Middleton Grange School | 5.12 km | Combined | 1-13 | Government | Co-Educational | EQI: 406 | 9 | |
Te Puna Wai o Waipapa - Hagley College | 6.77 km | Secondary | 9-15 | Government | Co-Educational | EQI: 472 | 6 | |
Marian College | 8.22 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 434 | 8 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.29 km | 3 | 231m2 | Year 2024 Month 04 Day 11 | $1,050,000 | Council approved | |||
 | 0.13 km | 3 | 1 | -m2 | Year 2024 Month 02 Day 22 | $771,000 | Council approved | |
0.19 km | 3 | 130m2 | Year 2024 Month 02 Day 19 | $680,000 | Council approved | |||
0.38 km | 3 | 200m2 | Year 2024 Month 02 Day 07 | $975,000 | Council approved | |||
 | 0.29 km | 4 | 1 | -m2 | Year 2023 Month 11 Day 30 | - | Council approved |