419 Tuam Street, Phillipstown, Christchurch

Nestled in the heart of Phillipstown, 419 Tuam Street presents a rare freehold opportunity on a prime industrial property. Constructed in 2017 with concrete walls and an iron roof, both in good condition, this 301m2 floor area property sits on a 392m2 land area. It boasts 5 carparks and is designed with a showroom at the front, first floor offices, and a warehouse at the rear. The property has seen a CV increase of 28.36% from $670,000 in 2019 to $860,000 as of 2022. The HouGarden AVM estimates the property at $852,500. This property is perfect for various ventures, with easy access to main arterials and thoroughfare roads, and is set to be vacant from April 1, 2025.

With a rich history of over 30 years of ownership and a rebuild in 2016, the property's current tenancy concludes on March 31, 2025, offering the new owner a range of options from re-tenanting to self-occupation. The property's location is further enhanced by its proximity to schools, with Middleton Grange School (Decile 9) and Marian College (Decile 8) being notable mentions in the area.

For investors and business owners looking to secure a prime property in a sought-after location with excellent school zones, this is an opportunity not to be missed.

Updated on November 29, 2024