Nestled at 115 Hilton Highway, Washdyke, Timaru, this industrial-light manufacturing property is set on a freehold title with a land area of 1346sqm and a floor area of 500sqm. Constructed in the 1970s, it boasts an iron roof and brick walls in average condition. It offers a prime location with a high-profile position, ample parking, and a sealed yard at the rear. The property includes a high-studded workshop with rear access and refurbished offices, currently vacant and ready for the owner occupier or lease opportunities with an annual rental potential of $70,000 plus GST.
As per the latest records, the property's Capital Value (CV) has seen a significant increase from $740,000 in September 2020 to $880,000 in September 2023, marking a growth of 18.92%. The HouGarden AVM estimates the property's value at $872,500, while the latest sale history shows transactions at $875,000 in September 2023 and $949,000 in September 2024.
For families, the property falls within the catchment area of several reputable schools. St Joseph's School (Timaru) is a Full Primary with a decile rating of 7. Mountainview High School and Roncalli College are Secondary schools with decile ratings of 6 and 7 respectively. Grantlea Downs School is a Full Primary with a decile rating of 5, and Craighead Diocesan School is a Secondary school with a decile rating of 9.
Updated on November 20, 2024
