52/35 Kennaway Road, Woolston, Christchurch

Located at 52/35 Kennaway Road, Woolston, Christchurch, this industrial warehousing property stands out with its unique blend of mixed materials for the walls and an iron roof, both in good condition. The property, set to be completed in 2024, spans a floor area of 75 square meters, and while it does not come with car parking spaces, it offers a single bathroom facility. This unit, governed by a Unit Title ownership, does not feature any land area, highlighting its focus on industrial utility over residential or recreational space.

The property's capital value has seen significant changes over time, starting with a government valuation (CV) of $190,000 as of August 2021. The HouGarden AVM estimates its value slightly lower at $185,000. However, its most recent sale on December 23, 2021, was for $135,000, indicating a dynamic market and potential for capital value growth. The property's capital value increase percentage is not directly provided but can be inferred from its sales history and valuations.

As this property is categorized under industrial warehousing, school zoning and decile ratings are not applicable. The focus for potential investors or buyers would be on its industrial utility, location in Christchurch, and the potential for value appreciation over time.