6/12 Penn Place, Upper Riccarton, Christchurch

Located at 6/12 Penn Place, Upper Riccarton, Christchurch, this industrial warehousing unit offers a unique opportunity. Despite the unknown specifics regarding its wall and roof construction, as well as its age and condition, the property stands out with its 69 square meters of floor area. It's a Unit Title property, indicating a form of ownership that is particularly suited for commercial units like this one. The unit is self-contained, featuring a bathroom, a kitchenette, and despite having no dedicated car parks, it provides two parking spaces, enhancing its appeal as a lock and leave storage facility.

The property has seen a notable increase in its capital value, growing from $255,000 in August 2019 to $300,000 in August 2022, marking a 17.65% increase. This growth is supported by a HouGarden AVM estimate of $295,000. Its sale history reveals transactions at $230,000 in January 2021 and $195,000 in February 2014, showcasing a steady appreciation over time.

Education is a key aspect of this property's location, with access to a range of schools including Villa Maria College, Kirkwood Intermediate, St Thomas of Canterbury College, Riccarton High School, Middleton Grange School, Wharenui School, Christchurch Adventist School, and Hagley Community College. These institutions span various deciles and educational levels, from full primary to secondary and composite, highlighting the diverse educational opportunities available in the vicinity.

Updated on March 21, 2024.