6 Northland Street, Ranfurly, Otago

Located at 6 Northland Street, Ranfurly, Otago, this commercial property boasts a rectangular-shaped site with a land area of 1,012m2. The original building, constructed in the 1950s with the latest addition built around 2010, has been strengthened to a minimum of 67% NBS. Covering a building area of approximately 378m2, this property serves as the principal services center for the surrounding Maniototo district. It features mixed materials for wall construction and an iron roof, both in good condition. The property is under a freehold ownership type, offering a long lease with a blue-chip tenant, including rights of renewal and rent reviews based on CPI.

The property has seen a significant increase in its capital value, from $375,000 in September 2019 to $470,000 in October 2022, marking a 25.33% growth. The latest sale recorded was at $486,000 on January 24, 2024, following a previous sale at $370,000 on September 4, 2017. The HouGarden AVM estimates the property's value at $460,000.

While specific school zone information is not provided, the property's strategic location in Ranfurly, the principal services center for the Maniototo district, suggests convenience and potential for commercial success, making it an attractive investment or business opportunity.