Nestled in the heart of Sydenham, just a stone's throw from Christchurch's bustling CBD, stands a prime commercial property at 3/15 Washington Way. This unit, built in 1996 with concrete walls and Malthoid roofing, boasts a well-maintained structure with a floor area of 220sqm. It comes with Unit Title ownership and is accompanied by five car parks. The property, leased for three years with renewal options, generates a return of over $60,000 + GST and outgoings, offering an attractive 8% return on investment. Notably, the capital value has surged by 27.78% from $540,000 in 2019 to the current $690,000, with the HouGarden AVM estimating it at $660,000. The latest sale history shows transactions at $640,000 in 2024 and $530,000 in 2018.
For families, the property falls within a highly regarded school zone. Middleton Grange School, a composite institution with a decile rating of 9, is one among several esteemed schools in the area. Others include Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Hagley Community College (decile 6), Marian College (decile 8), Te Aratai College (Year 7&8, decile 3), and Waltham School, a full primary with a decile rating of 3.
With its excellent location, solid investment potential, and access to top-notch education facilities, this property is a golden opportunity for both investors and families.
Updated on April 17, 2024
Name | Distance | 类型 | Year | 属性 | Gender | Score | Decile | |
---|---|---|---|---|---|---|---|---|
Marian College | 0.30 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 434 | 8 | |
Waltham School | 0.99 km | Primary | 1-8 | Government | Co-Educational | EQI: 501 | 3 | |
Te Puna Wai o Waipapa - Hagley College | 1.70 km | Secondary | 9-15 | Government | Co-Educational | EQI: 472 | 6 | |
Hillview Christian School | 1.81 km | Combined | 1-13 | Government | Co-Educational | EQI: 421 | 7 | |
Te Aratai College | 1.94 km | Secondary | 7-15 | Government | Co-Educational | EQI: 518 | 3 | |
Christchurch Adventist School | 5.32 km | Combined | 1-13 | Government | Co-Educational | EQI: 438 | 5 | |
Middleton Grange School | 5.42 km | Combined | 1-13 | Government | Co-Educational | EQI: 406 | 9 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
---|---|---|---|---|---|---|---|---|
0.62 km | 2 | 1 | 75m2 | 2024年03月20日 | $690,000 | Council approved | ||
0.62 km | 2 | 1 | 73m2 | 2024年02月20日 | $650,000 | Council approved | ||
0.43 km | 2 | 1 | 80m2 | 2024年01月29日 | $676,000 | Council approved | ||
0.60 km | 1 | 1 | 54m2 | 2024年01月09日 | $470,000 | Council approved | ||
0.38 km | 144m2 | 2023年12月15日 | $850,000 | Council approved |