Located at 98 King Street, Redruth, Timaru, this industrial property offers a unique opportunity for light manufacturing with its 310m² floor area and expansive 1733m² freehold land. Built in 1960, the property features concrete walls and an iron roof, both in average condition, making it a sturdy choice for business operations. Despite its industrial designation, the property's spacious land area presents a fantastic chance to develop or expand, catering to a variety of business needs.
Over the past few years, the property has seen a significant increase in capital value, rising from $550,000 in September 2020 to $750,000 in September 2023, marking a 36.36% growth. This growth is supported by a HouGarden AVM estimate of $740,000. Historical sales data reveals a steady increase in value, with sales in 2011 and 2015 at $450,000 and $400,000 respectively, highlighting the property's appreciating value in the market.
The property is situated within the vicinity of several reputable schools, offering a range of educational opportunities. St Joseph's School (Timaru) and Roncalli College, both with a decile rating of 7, provide quality primary and secondary education. Craighead Diocesan School, with a higher decile rating of 9, caters to secondary students, while Timaru South School, with a decile rating of 2, also serves the area. This diverse educational landscape ensures access to quality education for families and employees in the area.
Updated on March 21, 2024.
街道地址 | 距離 | 房間數 | 浴室數 | 建築面積 | 售出時間 | 售出價格 | 數據來源 | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 3 | 1 | 93m2 | 2024年11月12日 | - | Council approved | |
| 0.23 km | 3 | 1 | 93m2 | 2024年11月01日 | $340,000 | Council approved | |
 | 0.66 km | 5 | 1 | 160m2 | 2024年10月01日 | - | Council approved | |
 | 0.47 km | 3 | 1 | 100m2 | 2024年09月27日 | - | Council approved | |
0.47 km | 4 | 143m2 | 2024年09月23日 | $573,000 | Council approved |