34 Brecon Street, Queenstown, Queenstown Lakes

Located at 34 Brecon Street, Queenstown, Queenstown Lakes, this unique commercial property, categorized as 'Commercial - Tourist type attractions', stands on a substantial land area of 3,909 square meters. The building, constructed in 1990, features wood wall construction and tile roofing, both in good condition. It encompasses a floor area of 40 square meters, offering leasehold ownership. Despite not specifying the number of bedrooms, the property includes 1 bathroom and lacks parking facilities.

The property has witnessed a remarkable capital value (CV) increase, soaring from $6,650,000 in July 2017 to $23,850,000 in September 2021, marking a 258.65% growth. The latest sale recorded on March 15, 2023, was at $15,433,272, significantly higher than the $3,900,000 sale on February 5, 2004. The HouGarden AVM estimates the property's value at $23,457,500, closely aligning with its latest CV.

Situated within the prestigious school zones of Queenstown Primary School and St Joseph's School (Queenstown), both schools boast a decile rating of 10, indicating high educational quality. This property not only offers a lucrative investment opportunity but also benefits from its proximity to top-tier educational institutions.