5/13 Te Ara Whenua Miharo Kotiti, Te Arai, Auckland - Rodney

Located at 5/13 Te Ara Whenua Miharo Kotiti, Te Arai, Auckland - Rodney, this commercial accommodation property stands out with its modern construction from 2022. It features a floor area of 140 square meters and offers 2 car parks, catering well to business needs. The building, boasting a wood wall construction and an iron roof, is in good condition, reflecting its recent build. The property is on a level contour and holds a leasehold ownership type, making it a unique investment or business opportunity in the Rodney area.

The property has seen a significant capital value increase, starting from a government valuation (CV) of $2,600,000 on June 1, 2021, to a recent sale price of $3,150,000 on November 10, 2023, marking a remarkable growth. Prior to this, it was sold for $2,700,000 on January 23, 2022. The HouGarden AVM estimates its value at $2,557,500, indicating a strong market presence and investment potential.

For families considering educational opportunities, the property falls within the zone of Rodney College, a secondary school catering to Year 9-15 students with a decile rating of 4. This provides a beneficial aspect for those looking to invest in a property with access to educational facilities.