43 Phillips Street, Phillipstown, Christchurch

Nestled in the heart of Phillipstown, Christchurch, this industrial-light manufacturing property at 43 Phillips Street boasts a freehold title on a 1,042sqm land. Constructed in 2010 with concrete walls and an iron roof, both in good condition, the building spans 559.4sqm with seven on-site car parks. Currently tenanted by Trojan Dryout Systems Limited since 2013, it returns $67,350pa + GST and outgoings, making it a quality industrial investment.

With a current Capital Value (CV) of $1,190,000 as of August 2022, the property has shown a significant increase of 27.96% from its CV of $930,000 in August 2019. The HouGarden AVM estimates the property's value at $1,180,000, while the latest sale history includes transactions at $1,035,000 on October 7, 2024, and $1,045,000 on December 22, 2021.

For families, the property falls within the decile 9 Middleton Grange School zone for years 11-13, and is also in proximity to Te Waka Unua School (decile 2), Hillview Christian School (decile 7), Christchurch Adventist School (decile 5), Christchurch East School (decile 3), Hagley Community College (decile 6), Marian College (decile 8), and Te Aratai College for years 7&8 (decile 3).

Updated on November 13, 2024