20 John Morten Place, Rolleston, Selwyn

Nestled in the serene Rolleston, Selwyn, 20 John Morten Place presents a unique industrial-vacant property on a generous 2,982sqm of freehold land. This site, with unknown roofing and wall construction, offers a mystery that invites exploration. Despite the unknowns, the property's potential is undeniable, having maintained a consistent Capital Value of $660,000 since September 2021, with no increase observed. The site, which boasts a 60-meter frontage to Hoskyns Road, is fenced and secure, making it an attractive prospect for various business ventures.

History shows a promising trend, with the latest sale recorded at $1,050,000 in March 2024, following a previous sale at $925,000 in October 2021. The HouGarden AVM estimates the property's worth at $1,102,500, hinting at a significant growth opportunity. This prime site is not only about business potential; it's also about location. It falls within the zones of esteemed schools such as Villa Maria College (Decile 9), Weedons School (Decile 10), and Rolleston College (Decile 10), ensuring a quality education for the family.

With excellent school networks and a property that promises high visibility and a massive traffic count, this is a golden opportunity for investors and developers looking to capitalize on a prime piece of real estate in a thriving area.

Updated on April 17, 2024