4 Abros Place, Burnside, Christchurch

Nestled in the serene cul-de-sac of 4 Abros Place, Burnside, Christchurch, lies a compelling industrial investment opportunity. This freehold property, built in 2000, boasts mixed materials for both its walls and roof, sitting on a spacious 5,654 square metre land with a floor area of 3,480 square feet. The warehouse, with its 64 carparks, is tenanted by the reputable Bargain Chemist under a new 10-year lease, offering a secure investment with rights of renewal until 2041. The capital value has seen a significant increase of 30.33%, from $3,330,000 in 2019 to $4,340,000 in 2022, reflecting the property's growing worth. The latest sale history showcases a leap from $3,100,000 in 2021 to $4,700,000 in 2024, indicating a high demand for such prime industrial real estate.

With a HouGarden AVM valuation of $4,160,000, this property presents a golden opportunity for investors. The government's decile ratings for nearby schools are a testament to the area's educational excellence, with contributing schools like Te Ara Maurea Roydvale School at a 10 decile rating, and esteemed secondary schools such as Burnside High School and Villa Maria College rated 8 and 9 respectively. This, combined with the convenient location near Christchurch International Airport and State Highway 1, makes it an even more attractive proposition.

Indeed, this is an exceptional industrial investment with a secure 10-year lease, located in a prime area with an excellent school network, and boasting a strong capital value growth history.

Updated on April 11, 2024