4 Ranfurly Street, Otorohanga, Otorohanga

Located at 4 Ranfurly Street, Otorohanga, this industrial property is designed for light manufacturing, featuring a spacious floor area of 770 square meters and a generous land area of 1163 square meters. The property boasts a freehold ownership type, ensuring long-term value and control for its owner. Constructed with mixed materials for the walls and an iron roof, the property presents a robust structure with mixed conditions for both the wall and roof, catering to a variety of industrial needs.

Over the years, the capital value of this property has seen a significant increase, from $425,000 in August 2019 to $670,000 in October 2022, marking a 57.65% growth. This is a testament to its growing value in the market. The latest sale recorded on January 31, 2024, was at $670,000, aligning with its current capital value. The HouGarden AVM estimates the property's value at $640,000, indicating a strong and stable market presence.

While specific school zone information and decile ratings are not provided for this industrial property, its strategic location in Otorohanga offers potential benefits for businesses looking for a well-positioned manufacturing base in the region.

Updated on April 05, 2024.