417 Tuam Street, Phillipstown, Christchurch

Nestled on the north side of Tuam Street, between Stanmore Road and Fitzgerald Avenue, with dual access from Tuam and Dearsley Streets, this Freehold property is a gem in the industrial sector. Constructed in 1973 with concrete walls and an iron roof, both in good condition, the warehouse/office building boasts a floor area of 440 sqm on a land area of 539 sqm. It features a medium-stud warehouse with 3-phase power, two offices, a staff breakout room, and a ground floor showroom, with on-site parking for staff and customers. The property's Capital Value (CV) has seen a growth of 25.71% from $700,000 in August 2019 to $880,000 in August 2022, reflecting its increasing worth. The latest sale was recorded at $830,000 in August 2024, a significant jump from the previous sale of $185,000 in May 2012, showcasing the property's investment potential.

According to the HouGarden AVM, the property is valued at $842,500, further validating its market standing. This centrally located retail distribution or construction facility is not only a business opportunity but also a wise investment with a promising CV trajectory.

For families, the property falls within the catchment area of several reputable schools. Middleton Grange School (Years 11-13) rates a high decile 9, Te Waka Unua School a decile 2, Hillview Christian School a decile 7, and Christchurch Adventist School a decile 5, among others. These schools cater to various educational needs and are a testament to the quality of the local education system.

Updated on October 09, 2024