302 Great South Road, Huntly, Waikato

Nestled at 302 Great South Road, Huntly, Waikato, this Freehold property is a Commercial - Retail use opportunity. It boasts 2 bedrooms, 1 bathroom, and a floor area of 110 square meters on a land area of 177 square meters. The property, with an unknown roof and wall construction, presents an entry-level redevelopment chance. Currently valued at $240,000 according to the government’s capital value, it has seen no increase since the previous valuation. The property is tenanted by 'Lucky Takeaways' since 2018 with a long lease term and the option for renewal, indicating the location's strength. The latest sales were recorded at $190,000 in 2024 and $150,000 in 2012, while the HouGarden AVM estimates it at $225,000. With an 18% IEP rating, the property requires upgrades by November 2035 as per earthquake-prone legislation, offering a steady income while planning for future potential.

From a valuation perspective, the property has maintained a stable capital value with a 0.0% increase over the period. The HouGarden AVM reflects a slightly lower estimate, which could present a buying opportunity. The recent sale history showcases a growth trajectory, which is encouraging for investors looking to capitalize on the property's potential.

For families, the property falls within a school zone with promising ratings. The strategic location between Auckland and Hamilton adds to the appeal, making it an attractive proposition for both investors and families.

Updated on December 11, 2024