Nestled at 25 John Morten Place, Rolleston, Selwyn, this industrial warehousing facility boasts a generous floor area of 2,076sqm on a sprawling freehold land of 4,976sqm. Constructed with iron for both the walls and roof in 2020, this property is in a pristine condition, both structurally and aesthetically. Complete with 32 carparks, it's a strategic investment in the heart of IZONE Business Park, with a prime profile to Hoskyns Road. The capital value remains stable at $4,320,000 since July 2021, while the HouGarden AVM estimates it at $4,347,500. The latest sale history shows a significant increase from $796,160 in 2018 to $4,360,000 in 2024, indicating a promising investment growth.
With a well-established tenant, this property offers a secure annual net return of $293,500. The government valuations reflect a zero increase percentage, yet the property's potential is undeniable, given its location and the recent sale trends. The industrial complex is complemented by a modern office space and a large secure yard area, making it an attractive opportunity for investors.
For families, the property falls within the zones of top-rated schools, including Villa Maria College (Decile 9), Weedons School (Decile 10), Rolleston College (Decile 10), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and Christchurch Adventist School (Decile 5). This ensures access to quality education for all ages.
Updated on September 04, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 1.38 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 18 | - | Council approved | |
 | 1.33 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 18 | - | Council approved | |
 | 1.35 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 15 | - | Council approved | |
 | 1.43 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 14 | $680,000 | Council approved | |
 | 1.16 km | 4 | 228m2 | Year 2024 Month 09 Day 17 | $1,570,000 | Council approved |