This unique commercial property located at 19 Sunderland Street, Clyde, Otago, offers a blend of historical charm and potential for retail use. With a floor area of 140m2 and sitting on a generous land area of 554m2, this freehold property features 1 bedroom and is constructed with wood walls and an iron roof, both in good condition. Built in 1920, the property is level and presents an excellent opportunity for those looking to invest in a piece of Clyde's history.
The property has seen a significant increase in value, with a capital value of $660,000 as of October 2021. The HouGarden AVM estimates its value at $645,000. However, it recently sold for $1,100,000 on January 23, 2024, showcasing a remarkable growth in capital value. This property, with its large 1042m2 section and two street frontages, offers ample room for improvement or redevelopment, making it an attractive investment.
While specific school zone information is not provided, the property's location in Clyde, Otago, suggests access to local schools and amenities. The property's historical significance and potential for commercial use, combined with its recent capital value increase, make it a noteworthy option for investors or those looking to establish a retail presence in a quaint, historic setting.