218 Linwood Avenue, Linwood, Christchurch

Nestled at the corner of Linwood Avenue & Cashel Street, this Freehold commercial property, built in 1997, boasts a sturdy Concrete exterior and Iron roof, both in good condition. Spanning a floor area of 430 sqm and a land area of 494 sqm, it's a retail/office investment with significant holding income and modern, low-maintenance construction. Currently, two units are leased, and two are vacant, presenting a versatile opportunity for an owner-operator or investor. The property's Capital Value (CV) has seen a 15.08% decrease from $1,260,000 in 2019 to $1,070,000 as of 2022, while the HouGarden AVM estimates it at $1,230,000. Notably, the latest sale was recorded at $925,000 in 2021, following a sale in 2014 at $700,000.

With a prime location, the property is a stone's throw from Eastgate Mall and major retailers like The Warehouse and Supercheap Auto. The government's valuation history and recent sale prices reflect the property's massive profile and major upside potential in this bustling commercial hub.

For families, the property falls within the catchment of various schools, including Middleton Grange School (Decile 9), Linwood Avenue School (Decile 2), Hillview Christian School (Decile 7), Christchurch Adventist School (Decile 5), Hagley Community College (Decile 6), Marian College (Decile 8), and Te Aratai College (Decile 3), ensuring access to quality education.

Updated on August 17, 2024