Located at 88 Harrison Street, Allenton, Ashburton, this commercial property is designed for retail use, specifically as a high-profile food premise. Spanning approximately 70m2 with a land area of 238m2, the building features brick walls in good condition and an iron roof also in good condition. This freehold property, with its fully equipped kitchen, walk-in chillers, and preparation areas, is ideal for a variety of food businesses. It benefits from high foot and vehicle traffic in a busy residential area, with parking available on site.
The property has seen a significant increase in capital value, from $101,000 on July 1, 2018, to $118,000 on July 1, 2021, marking a 16.83% growth. The latest sale on January 24, 2024, was at $255,000, up from $47,050 on May 7, 2002. The HouGarden AVM estimates the property's value at $117,500.
School zoning includes Villa Maria College and Craighead Diocesan School, both with a decile rating of 9, St Thomas of Canterbury College and St Joseph's School (Ashburton) with a decile of 8, Allenton School with a decile of 7, and Ashburton College and Ashburton Intermediate, both with a decile of 6. Ashburton Christian School also falls within the zone with a decile of 6, offering a range of educational options for families.