62 Langdons Road, Papanui, Christchurch

Nestled at 62 Langdons Road, Papanui, Christchurch, this commercial office space boasts a prime location within a prestigious business park. Constructed in 2016 with mixed materials for the walls and iron for the roof, this freehold property presents a good condition both inside and out. Spanning an area of 1250 square meters, it includes a floor area of 494 square meters and offers 20 car parks. The property's Capital Value (CV) has seen a remarkable increase from $1,950,000 in 2019 to $3,300,000 as of 2022, showcasing a growth rate of 69.23%.

With a HouGarden AVM valuation of $3,165,000 and recent sale history of $2,960,000 in 2024 and $2,550,000 in 2018, this two-level office building is a sound investment opportunity. Tenanted by three risk-diversified occupants, it includes a newly installed German Vestner lift, enhancing accessibility for medical occupiers. The property's allure is further enhanced by its proximity to various medical headquarters, establishing the area as a leading medical services campus.

For families, the property falls within the catchment of several high-performing schools. These include Bishopdale School (Decile 3), Christ the King School (Decile 8), Villa Maria College (Decile 9), Middleton Grange School (Decile 9), and more. This combination of location, quality, and growth potential makes it an irresistible opportunity for both investors and owner-occupiers.

Updated on October 09, 2024