39 Jeffreys Road, Fendalton, Christchurch

Nestled at 39 Jeffreys Road, Fendalton, Christchurch, this commercial-retail property is a freehold opportunity on a prime corner site. With an impressive floor area of 240m2 and a spacious land area of 738m2, it currently hosts three well-established retail tenancies. The building boasts an unknown roof and wall construction, yet it presents a solid investment with a total net rent of $67,000 pa +GST and a 93% NBS rating. Its potential is further enhanced by the availability of three concept plans for residential or café additions.

As for its financials, the property has seen a CV increase from $770,000 in 2019 to $1,020,000 in 2022, reflecting a growth of 32.47%. The HouGarden AVM estimates the property's value at $995,000, while the latest sale history includes transactions at $780,000 in 2014 and $475,000 in 2012. This is a gem that offers both great cash flow and the potential to add value in an exceptional location.

Educationally, the property is within the highly sought-after school zones of CGHS, CBHS, Cobham Intermediate, and Fendalton Primary schools. The surrounding schools, including Burnside High School, St Patrick's School, and Villa Maria College, are all rated highly with deciles ranging from 8 to 10, making this an ideal investment for families with educational priorities.

Updated on August 30, 2024