73 Suva Street, Upper Riccarton, Christchurch

Located at 73 Suva Street, Upper Riccarton, Christchurch, this commercial property spans a generous land area of 2867 square meters with a substantial floor area of 385 square meters. Built in 1930, the building showcases mixed materials for both its walls and roof, reflecting a blend of durability and architectural diversity. The property's condition, both for the walls and roof, is described as mixed, indicating a combination of well-maintained and areas needing attention. This freehold property, categorized under Commercial - Multiple/unknown, offers ample parking space with 5 carparks, catering to both staff and visitors.

The property's capital value as of August 2022 stands at $1,730,000. However, a significant transaction occurred on October 26, 2022, where the property was sold for $2,293,600, showcasing a remarkable increase in value. The HouGarden AVM estimates the property's value at $1,700,000, slightly below the official capital value but still reflecting the property's substantial worth in the market.

While specific details regarding school zones and decile ratings are not provided for this commercial property, its strategic location in Upper Riccarton, Christchurch, suggests proximity to various amenities and educational institutions, potentially adding to its appeal for businesses seeking a prime location.