10 Leonard Street, Waimate, Waimate

Located at 10 Leonard Street, Waimate, this industrial property is a prime example of light manufacturing real estate. It boasts a substantial floor area of 390 square meters, situated on a generous land area of 1012 square meters. The property is under freehold ownership, ensuring long-term control and use. The building features concrete walls and an iron roof, both in average condition, reflecting a solid and durable construction suitable for various industrial applications.

Over the years, the property has seen significant growth in its capital value, increasing from $135,000 on July 1, 2019, to $250,000 on July 1, 2022, marking an impressive 85.19% growth. This increase is a testament to the property's growing value in the market. Additionally, the HouGarden AVM estimates the property's value at $245,000, closely aligning with its capital value. The latest sale on July 5, 2023, further underscores the property's market appeal, with a sale price of $350,000.

The property is zoned within the catchment areas for Craighead Diocesan School and Roncalli College, both highly regarded institutions. Craighead Diocesan School, catering to secondary students from Year 7 to 15, boasts a decile rating of 9, indicating high educational quality. Roncalli College, serving secondary students from Year 9 to 15, has a respectable decile rating of 7. This property's location within these school zones adds to its attractiveness for potential buyers looking for quality education options.