9/29 Ensign Street, Halswell, Christchurch

Nestled at 9/29 Ensign Street, Halswell, Christchurch, this commercial-retail unit is a beacon of investment potential. Constructed in 2019 with concrete walls and an iron roof, both in good condition, the property sits on a level contour. It's governed by a unit title and offers a floor area of 112 square meters. Notably, the capital value has surged by 22%, from $500,000 in August 2019 to $610,000 in August 2022. The latest sale was recorded on April 19, 2024, at $580,000, closely aligning with the HouGarden AVM of $567,500.

With a prime location comes a premium school zone. The area boasts secondary schools like Villa Maria College (Decile 9) and St Thomas of Canterbury College (Decile 8), among others. This provides an added advantage for families seeking quality education.

Bayleys presents an exclusive opportunity to invest in Units 9 and 10, each with robust tenancies including Domino's and a local Indian restaurant. These units offer secure, long-term investment potential with a proven track record of solid rental yields.

Updated on May 15, 2024