10/29 Ensign Street, Halswell, Christchurch

Nestled in the bustling retail complex at the junction of Ensign and Balcairn Streets, Unit 10/29 Ensign Street, Halswell, Christchurch, presents a compelling investment opportunity. This commercial retail space, built in 2019 with concrete walls and an iron roof, both in good condition, spans 112sqm with a level contour. It's a unit title property, currently tenanted by the international brand Domino's Pizza, providing a stable return of $33,806.50pa + GST and outgoings. The property's Capital Value (CV) has seen a significant increase of 22%, from $500,000 in 2019 to the current $610,000. HouGarden's AVM estimates the property's value at $612,500, with the latest sale recorded on August 16, 2024, at $570,000.

For families, the property falls within a highly regarded school zone. Closeby are Villa Maria College (Decile 9), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), and more, offering a range of educational options for children of all ages.

With a prime location in the Oaks Village, and surrounded by established businesses, this is a 'bottom drawer investment' that promises both security and growth potential, making it an attractive prospect for both seasoned and new commercial investors.

Updated on September 25, 2024