Nestled at 38 Pereita Drive within the bustling IZone Industrial Park of Rolleston, this 2,240sqm freehold industrial land presents a unique opportunity. With an ownership type of Freehold, it offers the advantage of no restrictions on site coverage and dual access from both Cockburn Lane and Pereita Drive. Although the specifics of the wall and roof construction are unknown, the potential for development is vast. The property's latest sale record of $548,800 on November 8, 2021, indicates a thriving market in this industrial sector. Despite a stable Capital Value of $490,000 since July 2021 with no increase, the HouGarden AVM estimates a value of $470,000, suggesting a competitive investment opportunity.
Regarding the property's valuation history, the Capital Value has remained unchanged, reflecting a stable investment climate. The recent sale history showcases the land's allure for industrial investors. With a CV increase percentage of 0.0, it's a secure choice for long-term planning.
For families, the educational facilities are a significant draw. The property falls within the zones of esteemed schools such as Villa Maria College (Decile 9), Weedons School (Decile 10), Rolleston College (Decile 10), St Thomas of Canterbury College (Decile 8), Middleton Grange School (Years 11-13, Decile 9), and Christchurch Adventist School (Decile 5). These institutions cater to various educational levels and are a testament to the quality of the local school network.
Updated on October 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 1.66 km | 3 | 1 | 131m2 | Year 2024 Month 11 Day 18 | - | Council approved | |
 | 1.66 km | 3 | 1 | 125m2 | Year 2024 Month 10 Day 18 | - | Council approved | |
 | 1.67 km | 3 | 2 | 156m2 | Year 2024 Month 10 Day 15 | - | Council approved | |
 | 1.72 km | 3 | 2 | 143m2 | Year 2024 Month 10 Day 14 | $680,000 | Council approved | |
 | 1.13 km | 4 | 228m2 | Year 2024 Month 09 Day 17 | $1,570,000 | Council approved |