Nestled at 355b Riccarton Road, this Upper Riccarton, Christchurch property is a commercial haven, boasting a retail use category. Constructed in 1960 with concrete walls and an iron roof, both in good condition, this unit-titled property offers a single bathroom and four carparks, with a floor area of 50 square meters. The site is enhanced by a post-quake refurbishment, adhering to the latest building codes, ensuring a solid investment with a secure leaseback arrangement for Church Corner Cycles, an established tenant.
With a current Capital Value (CV) of $500,000, it has shown a growth of 14.94% since 2019. The HouGarden AVM estimates the property at $455,000, while the latest sale records from 2024 indicate a transaction of $538,000. The property's value has been on a steady rise, making it an attractive opportunity for investors seeking a strong return.
Educationally, the property falls within a desirable zone, including Ilam School (Decile 6), Villa Maria College (Decile 9), and other reputable institutions. This not only adds to the property's value but also ensures a consistent demand for rental accommodation from families seeking quality education for their children.
Updated on December 04, 2024
dirección de la calle | distancia | número de dormitorios | número de baños | área de construcción | fecha de venta | precio de venta | fuente de datos | |
|---|---|---|---|---|---|---|---|---|
 | 0.31 km | 3 | 2 | 150m2 | 2024 año 11 mes 26 día | - | Council approved | |
 | 0.32 km | 3 | 1 | -m2 | 2024 año 10 mes 16 día | - | Council approved | |
 | 0.20 km | 4 | 103m2 | 2024 año 10 mes 10 día | $640,000 | Council approved | ||
 | 0.31 km | 4 | 1 | 104m2 | 2024 año 08 mes 23 día | - | Council approved | |
 | 0.20 km | 2 | 1 | -m2 | 2024 año 08 mes 06 día | - | Council approved |