102 Tuam Street, Christchurch Central, Christchurch

Located at 102 Tuam Street, Christchurch Central, this commercial property is designed for retail use, boasting a floor area of 133 square meters and a land area of 57 square meters. The property is under freehold ownership, ensuring complete control over the premises. Constructed with mixed materials for the walls and an iron roof, it is set to be completed in 2024. Both the wall and roof conditions are rated as good, and the property contour is level, making it an ideal choice for various retail operations.

The capital value of this property as of August 2021 was $820,000. However, the HouGarden AVM estimates its value at $810,000. The latest sale recorded was on April 20, 2021, for $829,000. This indicates a dynamic market and the potential for capital value growth, making it an attractive investment for those looking to enter the commercial retail sector in Christchurch.

While this property does not fall within a residential school zone, its central location in Christchurch offers potential business owners and investors a prime spot in a bustling urban area. The commercial nature of this property means that school zoning and decile ratings are not applicable, but its position in the heart of Christchurch ensures high visibility and foot traffic, crucial for retail success.