239e Kahikatea Drive, Frankton, Hamilton

Nestled at 239e Kahikatea Drive in the serene Frankton, Hamilton, this industrial-service property boasts a unique blend of practicality and potential. Constructed in 1980 with mixed materials for the walls and iron for the roof, both in good condition, it offers approximately 100sqm of floor area, smartly divided into a showroom/office and workshop. The Unit Title ownership adds to the allure, along with the convenience of 4 carparks, 5 of which are exclusive-use, in a location with a SH1C profile that sees over 27,000 vehicles pass daily. The property's Capital Value (CV) has seen a growth of 46.41% from $181,000 in 2018 to $265,000 in 2021, while the HouGarden AVM estimates it at $255,000. The latest sales were in 2008 for $175,000 and in 2003 for $110,000, indicating a steady rise in value.

For investors, the property presents a golden opportunity, sold vacant possession and ideal for entry into the industrial property sector or as an enhancement to any existing portfolio. The auction is set for 2pm on October 16th, 2024.

When it comes to education, the property falls within the zones of Hamilton's Fraser High School, a secondary school with a decile rating of 4, and Koromatua School, a full primary with a decile rating of 6, ensuring quality education options for the family.

Updated on October 17, 2024