111 Archibald Street, Tinwald, Ashburton

Nestled at 111 Archibald Street in the serene Tinwald neighborhood of Ashburton, this commercial property boasts a generous land area of 2024sqm and a floor space of 300sqm. It is complemented by 6 car parks and features concrete walls with an iron roof, both in average condition. The property is held under the freehold title, ensuring long-term ownership and investment security.

As per the latest records, the property's capital value has shown a significant leap, with a government valuation of $920,000 as of July 1, 2021. The sales history is also impressive, with transactions recorded at $1,100,000 on April 4, 2024, and a subsequent sale at $1,400,000 on July 23, 2024, indicating a rapid increase in market value.

For families considering the property, it falls within a desirable school zone. The local schools have a favorable decile rating, ensuring access to quality education for children. This feature adds to the property's appeal as a wise investment for both commercial interests and family living.

Updated on August 14, 2024