304/5 Lakeside Road, Wanaka, Queenstown Lakes
Located at 304/5 Lakeside Road, Wanaka, Queenstown Lakes, this commercial accommodation property boasts a unit title ownership with a floor area of 119 square meters. The building, constructed in 2001, features mixed materials for walls and an iron roof, both in good condition. The property is level, with one carpark available, highlighting its practicality for business operations.
Since July 2017, the capital value has seen a significant increase from $1,010,000 to $1,360,000 as of September 2021, marking a 34.65% growth. The latest sale recorded on January 27, 2024, was at $1,520,000, demonstrating a robust market demand. The HouGarden AVM estimates the property's value at $1,305,000, underscoring its investment potential.
Located in a prime school zone, the property benefits from being in the Wanaka Primary School zone, which boasts a decile rating of 10, indicating high educational quality. This adds to the property's appeal for potential investors or operators looking for a prestigious location.
Updated on April 06, 2024.
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