55 Bellvue Avenue, Papanui, Christchurch

Nestled in the heart of Papanui, Christchurch, this freehold property at 55 Bellvue Avenue boasts a prime location behind the shops on Papanui Road. The site, with a floor area of 847m2, is complemented by a substantial land area of 4165m2, and benefits from three access points, a large car park accommodating 70 vehicles, and a valuable Iron roof and Mixed Materials exterior in good condition. The property's Capital Value has seen a rapid increase of 19.5%, from $1,690,000 in 2019 to $2,020,000 as of 2022, with a HouGarden AVM estimate of $1,847,500, reflecting its redevelopment potential.

With a history of being occupied by the Papanui RSA, this property presents a golden opportunity for investors to retain its hospitality use or repurpose it for new commercial ventures. Zoned as Commercial Core, it's a site that holds promise for its next chapter. The property's CV growth and AVM estimate are indicative of its investment allure, making it an attractive prospect in the real estate market.

For families, the property falls within a highly sought-after school zone, including Christ the King School (Decile 8), St Patrick's School (Decile 10), and Waimairi School (Decile 9), among others. This ensures a quality education for children of all ages, adding to the property's appeal as both an investment and a family home base.

Updated on December 18, 2024