919 Colombo Street, Christchurch Central, Christchurch

Nestled at the heart of Christchurch Central, 919 Colombo Street stands as a prime commercial asset on a freehold title. Constructed in 1980 with mixed materials for the walls and iron for the roof, this well-maintained property features double-glazed offices, air conditioning, and a popular on-site café. With a floor area of 450sqm and a land area of 480sqm, it includes 10 secured off-street parks and boasts a CV of $1,620,000 as of August 2022, marking a 25.58% increase since 2019. The latest sale was recorded at $1,660,000 in September 2024, closely aligning with the HouGarden AVM of $1,607,500.

Educationally, the property falls within a desirable school zone, including secondary schools like Burnside High School (decile 8), Christchurch Boys' High School (decile 10), and Christchurch Girls' High School (decile 9), among others. This not only adds to the property's appeal but also ensures a consistent tenant pool and investment value.

Occupying a prime location with approximately 30,000 passing vehicles daily, this property offers exceptional exposure and accessibility. With a mix of modern residential properties, tourist accommodations, medical facilities, retail, and office buildings in the vicinity, 919 Colombo Street presents a rare opportunity for investors seeking a solid and diverse investment.

Updated on November 06, 2024