1/11 Carlyle Street, Sydenham, Christchurch

Nestled in the coveted Sydenham suburb, 1/11 Carlyle Street presents a freehold industrial property with immense potential. Constructed in 1997, this building boasts concrete walls and an iron roof in good condition. Spanning approximately 180sqm in floor area, it includes 4 car parks and is part of a Cross-Lease agreement. The property's Capital Value (CV) has seen a remarkable increase of 29.67% from $455,000 in 2019 to $590,000 in 2022. The latest sale was recorded in 2024 at $458,000, while the HouGarden AVM estimates it at $547,500.

From a valuation perspective, this industrial unit is a gem. The government's assessment reflects a growing investment opportunity, while the property's potential is further highlighted by its prime location in an area with a thriving industrial scene. It's a value-add prospect for both owner-occupiers and investors.

For families, the property falls within a highly rated school zone. Notable institutions include Middleton Grange School (Decile 9), Hillview Christian School (Decile 7), and Marian College (Decile 8), among others. This combination of location, property value growth, and educational opportunities makes 1/11 Carlyle Street an attractive package for those seeking a sound real estate investment.

Updated on May 08, 2024