77 South Highway 8, Lake Tekapo, Mackenzie

Nestled at 77 South Highway 8 in the picturesque Lake Tekapo, Mackenzie, this commercial accommodation property is a gem on a unit title. Constructed in 2008 with a robust mix of materials for the walls and iron for the roof, the property stands in good condition both inside and out. The building's contour enjoys an easy to moderate fall, and it boasts a floor area of 160 square meters. Notably, it is situated in a quiet cul-de-sac, adding to the tranquility of this charming property.

As per the latest valuation records, the capital value has shown a notable increase from $600,000 in October 2020 to $675,000 as of July 2023, reflecting a growth of 12.5%. The HouGarden AVM estimates the property's worth at $617,500, while the latest sale on October 25, 2024, fetched an impressive $767,000, indicating a high market demand for such prime real estate.

For families with educational considerations, this property falls within the zones of both Craighead Diocesan School, a secondary school with a decile rating of 9, and Roncalli College, another secondary institution with a decile rating of 7. This ensures access to quality education for the residents.

Updated on December 11, 2024