Nestled at 1/91 Waterloo Road, Hornby, Christchurch, this commercial retail unit boasts a secure lease and impressive features. Constructed in 1993 with concrete walls and an iron roof, both in good condition, the property offers a single bathroom, three car parks, and a floor area of 90sqm. It sits on a cross-lease title, providing a rare opportunity in the market with its size and lease security.
With a current Capital Value (CV) of $370,000, the property has shown a significant increase of 25.42% from its previous CV of $295,000. The HouGarden AVM estimates the property's value at $352,500, while the latest sale history includes a transaction in 2024 for $445,000, demonstrating the property's consistent growth since its initial sale in 1993 for $145,000.
For families, the property falls within the zones of several reputable schools. These include Villa Maria College (Decile 9), Hornby High School (Decile 3), Hornby Primary School (Decile 3), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Decile 9), Christchurch Adventist School (Decile 5), and Hagley Community College (Decile 6), ensuring access to a high standard of education.
Updated on April 10, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.26 km | 3 | 1 | 130m2 | 2024 05 20 | $701,000 | Council approved | |
 | 0.07 km | 4 | 1 | 130m2 | 2024 05 03 | $610,000 | Council approved | |
 | 0.65 km | 3 | 1 | 83m2 | 2024 03 28 | $594,000 | Council approved | |
 | 0.24 km | 2 | 1 | -m2 | 2024 03 13 | $570,000 | Council approved | |
 | 0.60 km | 2 | 1 | 80m2 | 2024 02 07 | $465,000 | Council approved |