102 High Street, Waimate, Waimate

Located at 102 High Street, Waimate, this industrial property presents a rare opportunity for those looking to establish or expand their business. The building, constructed in 1910 with brick walls and an iron roof, spans a floor area of 190m2 and sits on a 516m2 freehold land. Despite its age, the property offers significant potential with high stud sliding doors for easy access and additional storage shed at the rear. However, it's important to note that both the wall and roof conditions are currently poor, indicating a need for renovation.

Over the years, the capital value of this property has seen a remarkable increase of 133.33%, from $75,000 in July 2019 to $175,000 in July 2022. The latest sale in January 2024 was at $157,500, slightly below the HouGarden AVM of $165,000. This growth trajectory underscores the property's increasing market value and investment potential.

The property is advantageously located within the zones for Craighead Diocesan School and Roncalli College, both highly regarded institutions with decile ratings of 9 and 7, respectively. This location offers excellent educational opportunities, making it an attractive option for business owners with families.

Updated on April 06, 2024