2/231 Annex Road, Middleton, Christchurch

Nestled at 2/231 Annex Road, Middleton, Christchurch, this industrial unit with light manufacturing category presents a solid investment opportunity. Constructed in 1986 with concrete walls and an iron roof, both in good condition, the property offers approximately 180 sqm of floor area, 2 carparks, and is equipped with air conditioning. The Unit Title ownership adds flexibility to this already appealing package.

Boasting a capital value increase of 15.87% from $315,000 in 2019 to $365,000 as of August 2022, the property's value is further supported by a HouGarden AVM of $362,500. The latest sale history is impressive, with a transaction at $429,000 in October 2024, and a previous one at $322,000 in February 2022.

For families, the property falls within the catchment of several well-regarded schools, including Villa Maria College (decile 9), Kirkwood Intermediate (decile 7), St Thomas of Canterbury College (decile 8), and more. This ensures a quality education for children of all ages.

Updated on November 27, 2024