Located at 2/97e Sawyers Arms Road, Northcote, Christchurch, this industrial property presents a unique investment opportunity. The unit, built in 2006, features concrete walls in good condition and an iron roof also in good condition, ensuring durability and low maintenance. With a floor area of 79 square meters, the property offers ample space but does not include any land area. It is under a Unit Title ownership, catering specifically to those looking for industrial or multiple/other property categories.
The property has seen a significant increase in capital value, from $210,000 in August 2019 to $305,000 in August 2022, marking a 45.24% growth. This is complemented by a HouGarden AVM estimate of $300,000 and a recent sale price of $350,000 in August 2023, indicating a strong market demand and potential for further capital appreciation. The property's capital value growth and recent sales history underscore its investment appeal.
Education is a key consideration for many, and this property is zoned for a range of schools with varying deciles, including Bishopdale School (decile 3), Christ the King School (Christchurch) (decile 8), Villa Maria College (decile 9), and several others, catering to all educational needs from primary through to secondary levels. The diverse range of schools within the property's zone highlights its advantageous location for families and educational accessibility.