Nestled at 414 Williams Street, Kaiapoi, within the esteemed Sovereign Palms subdivision, this property is the proud home of the established Sovereign Star Preschool. Offered to the market for the first time, it stands on a freehold title of approximately 1,940sqm with a well-designed childcare centre, built in early 2015, covering an area of around 381sqm. The investment highlights include a strong lease covenant, returning $150,140pa plus GST and outgoings, with over 5 years remaining on the lease term accompanied by Rights of Renewal. The property, with unknown roof and wall construction, boasts a Capital Value (CV) of $2,470,000 as of July 2022, showing a growth of 12.27% from its August 2019 valuation of $2,200,000. The latest sale was recorded on September 30, 2024, at $960,000, while HouGarden AVM estimates the property's value at $2,367,500.
With a Level contour and unknown condition for both walls and roof, this property is located in a prime area with a high educational decile. The nearby schools include Rangiora New Life School (Decile 9), Kaiapoi North School (Decile 7), Kaiapoi High School (Decile 7), Christchurch Adventist School (Decile 5), and Marian College (Decile 8), making it an ideal investment for those considering the value of a good school zone.
For those seeking a modern, hassle-free investment in a desirable location, this opportunity is not to be missed.
Updated on October 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.35 km | 4 | 2 | -m2 | Year 2025 Month 01 Day 22 | - | Council approved | |
 | 0.33 km | 4 | 2 | 206m2 | Year 2024 Month 11 Day 14 | - | Council approved | |
 | 0.60 km | 4 | 2 | 240m2 | Year 2024 Month 10 Day 30 | $925,000 | Council approved | |
 | 0.19 km | 4 | 2 | -m2 | Year 2024 Month 08 Day 30 | - | Council approved | |
 | 0.73 km | 4 | 2 | -m2 | Year 2024 Month 08 Day 22 | $755,000 | Council approved |