447 Saint Asaph Street, Phillipstown, Christchurch

Nestled at 447 Saint Asaph Street, Phillipstown, Christchurch, this industrial-warehousing property on a freehold title boasts a 1-car park and a total floor area of 350sqm on a generous land area of 405sqm. Constructed in 1960 with average concrete walls and an iron roof, it presents a solid investment opportunity. The property has undergone a strengthening program, now reaching 70% NBS, and is being offered with vacant possession. Notably, the capital value has surged by 69.23% from $325,000 in August 2019 to $550,000 in August 2022, with a HouGarden AVM of $510,000. The latest sale history includes a transaction at $640,000 on June 6, 2024, and another at $550,000 on April 13, 2022.

For the educational advantage, the property falls within the decile 9 Middleton Grange School zone for years 11-13, along with several other well-rated institutions such as Hillview Christian School (decile 7), Hagley Community College (decile 6), and Marian College (decile 8), among others.

With LED lighting throughout the warehouse, recently painted interiors, two bathrooms, and an electric roller door, this property on a quiet cul-de-sac is a prime CBD fringe industrial gem that's ready to impress.

Updated on July 03, 2024