116 Alexandra Street, Te Awamutu, Waipa

Nestled at the heart of Te Awamutu town, this Freehold commercial property on 116 Alexandra Street boasts a rich history, dating back to 1920 with a floor area of approximately 390sqm. The charming two-storey building features concrete walls and an iron roof in average condition, exuding a rustic vibe with its exposed piping and native timber floors. It has undergone extensive renovations, including rewiring, replumbing, insulation, and new aluminium joinery, making it a prime executive space. Currently generating an income of approximately $78,000 per annum from two long-term tenants, this property also offers potential for accommodation with council consultation. Notably, the capital value has surged by 32.15% from $940,000 in 2019 to $1,240,000 as of 2022, with a HouGarden AVM of $1,155,000. The latest sale was in 2000 for $100,000. It is located in a desirable school zone, with Te Awamutu College, Te Awamutu Primary School, and Te Awamutu Intermediate all rating a decile of 5.

Updated on May 28, 2024