37 Enterprise Street, Alexandra, Otago

Nestled in the established commercial/industry area of Alexandra at 37 Enterprise Street, this Freehold property is a rare find. Constructed in 1966 with concrete walls and an iron roof, it offers a floor area of 230m2 on a sprawling 1012m2 land. The property, with average wall and roof conditions, has been the home of Enterprise Engineering since 1967. It presents an opportunity not just to acquire the land and buildings but also a thriving engineering business. The property's Capital Value (CV) has seen a 50% increase from $290,000 in 2019 to $435,000 as of 2022, showcasing significant growth potential. The latest sale on February 26, 2024, was for $630,000, while the HouGarden AVM estimates it at $417,500.

For families, the property falls within the school zone of The Terrace School, a Full Primary with a decile rating of 8, ensuring quality education for the children.

Updated on April 11, 2024