4/37 Foremans Road, Islington, Christchurch

Nestled at 4/37 Foremans Road, Islington, Christchurch, this industrial warehousing property boasts a unit title and a well-maintained structure, built in 2009 with concrete walls and an iron roof, both in good condition. It offers a level contour with a floor area of 265sqm, 4 car parks, and a secure gated complex. The property features a 173sqm warehouse, 46sqm reception and amenities, and a 46sqm first-floor office, all with a high stud of 6 meters.

As per the valuation records, the capital value has seen a growth of 15.25% from $590,000 in August 2019 to $680,000 in August 2022. The HouGarden AVM estimates the property at $650,000, while the latest sale history shows a transaction at $555,000 in September 2024, following a previous sale at $475,000 in August 2014.

For families, the property falls within the catchment area of several schools, including Villa Maria College (decile 9) and St Thomas of Canterbury College (decile 8) for secondary education, Hornby Primary School (decile 3) for contributing education, and others. This combination of a thriving location and a well-appointed industrial space makes it an attractive investment opportunity.

Updated on October 09, 2024