76 Meadows Road, Washdyke, Timaru

Located at 76 Meadows Road, Washdyke, Timaru, this industrial - vacant property offers a unique opportunity for businesses looking to build or relocate. With a land area of 812 sqm and freehold ownership, it presents a blank canvas for constructing your own office and shed, potentially providing instant equity. Despite the unknown specifics regarding wall and roof construction, as well as their conditions, the level contour of the property ensures ease of development. This property does not include bedrooms, bathrooms, or car parks, emphasizing its industrial nature.

The capital value of this property has seen a significant increase, from $200,000 on September 1, 2020, to $270,000 on September 1, 2023, marking a 35% growth. The HouGarden AVM estimates its value at $265,000. Historical sales data reveals a sale for $229,000 on October 13, 2015, and a much earlier transaction for $17,000 on December 10, 1990. This trajectory underscores the property's appreciating value and potential for investment.

Situated within a favorable school zone, the property is close to St Joseph's School (Timaru) and Grantlea Downs School, both full primary schools with deciles of 7 and 5, respectively. It also lies near Mountainview High School, Craighead Diocesan School, and Roncalli College, offering secondary education options with deciles ranging from 6 to 9. This proximity to reputable schools adds to the property's appeal, potentially enhancing its value for future development.

Updated on March 22, 2024.