1/1 Mcandrew Lane, Wanaka, Queenstown Lakes

Located at 1/1 Mcandrew Lane, Wanaka, Queenstown Lakes, this commercial property designed for the elderly boasts a floor area of 96 square meters. It is characterized by its iron wall construction and concrete roof, both in good condition, reflecting its recent build in 2020. The property sits on a level contour and is held under a Unit Title ownership, emphasizing its commercial utility.

Despite a decrease in capital value from $970,000 in July 2017 to $870,000 in September 2019, indicating a -10.31% change, the property's market value has shown signs of recovery. The HouGarden AVM estimates its value at $930,000, while the latest sale on February 19, 2024, reached $945,000, surpassing its previous sale price of $850,000 on August 19, 2021.

Education is a priority, with the property falling within the zone for Te Kura O Take Karara, a contributing school with a top decile rating of 10. This ensures access to quality education, making it an attractive option for those considering the welfare and development of the elderly.

Updated on April 04, 2024.