238a Annex Road, Middleton, Christchurch

Nestled at 238a Annex Road, Middleton, Christchurch, this industrial warehousing property is set on a freehold land of 1596 sqm. Constructed in 1998 with concrete walls and an iron roof, both in good condition, the building boasts a floor area of 1020 sqm and provides ample parking for 10 cars. The property's capital value has seen a significant increase, reflecting a growth of 15.48% from $1,550,000 in August 2019 to $1,790,000 as of August 2022.

With a HouGarden AVM valuation of $1,775,000, the latest sale history includes a transaction in 2024 for $2,360,000 and an earlier one in 1996 for $210,000. These figures underscore the consistent capital appreciation of this prime industrial real estate.

For families, the property falls within the catchment area of several esteemed schools. These include Villa Maria College (decile 9), Kirkwood Intermediate (decile 7), St Thomas of Canterbury College (decile 8), Riccarton High School (decile 6), Middleton Grange School (Years 11-13, decile 9), Wharenui School (decile 3), Christchurch Adventist School (decile 5), and Hagley Community College (decile 6), offering a range of educational options for all ages.

Updated on November 27, 2024