Nestled on a level plot at 19 Rewarewa Road, Te Atatu Peninsula, this vacant land boasts a generous 601 square meters with a Freehold title. Constructed in 1950, the property features wooden walls and tiled roofing, both in average condition. It includes a parking space for two vehicles and a floor area of 110 square meters. The site is zoned for multiple housing and is set back from the road, ensuring privacy, making it an ideal super development site for a business seeking a large, industrial space.
As per the latest records, the property's Capital Value (CV) has been appraised at $1,375,000, with the HouGarden AVM estimating it at $1,320,000. The latest sale was recorded on April 3, 2024, at the CV price, reflecting a stable growth trend. The property's potential is further enhanced by a consistent increase in its capital value over the years.
For families with children, the property falls within the catchment area of several well-regarded schools. Te Atatu Intermediate has a decile rating of 6, Peninsula Primary School and Rutherford College both have a decile rating of 5, and St Paul's School in Massey has a decile rating of 4, ensuring access to quality education.
Updated on May 02, 2024