5/114 Sawyers Arms Road, Northcote, Christchurch

Located at 5/114 Sawyers Arms Road, Northcote, Christchurch, this modern warehouse and office premises is a standout in the industrial warehousing category. Constructed in 2018 with concrete walls and an iron roof, both in good condition, it spans a floor area of 324m2. The property is on a level contour with a Unit Title ownership type, boasting 6 onsite car parks. The well-configured, high stud warehouse space is complemented by well-partitioned office and showroom accommodation, maximizing natural light and offering an attractive outlook. Good staff amenities and excellent heavy vehicle access are notable features.

Over the years, the capital value of this property has seen a significant increase, from $640,000 in August 2018 to $840,000 in August 2022, marking a 31.25% growth. The HouGarden AVM estimates its value at $830,000, while the latest sale on December 8, 2023, was at $875,000, up from $675,000 on January 24, 2018. This indicates a strong and growing interest in this popular Papanui location.

The property is zoned for a range of schools, including Bishopdale School (decile 3), Christ the King School (decile 8), Villa Maria College (decile 9), and Papanui High School (decile 7), among others. This diverse selection offers excellent educational opportunities, making it an attractive option for businesses considering the needs of their employees' families.