Nestled in the coveted commercial hub of Clover Park, this exceptional commercial property presents a golden opportunity. Constructed in 1993 with concrete walls and an iron roof, the property boasts an average condition and is governed by a Unit Title. Spanning approximately 230sqm, it includes 2 carparks and is currently leased to a well-established tenant, generating a net rental income of $66,172 per annum plus GST and outgoings. The property's Capital Value (CV) has seen a remarkable increase from $1,025,000 in 2017 to $1,650,000 as of June 2021, reflecting a growth rate of 60.98%. The HouGarden AVM estimates the property's worth at $1,607,500, while the latest sales history shows transactions at $355,000 in 2001 and $220,000 in 1999.
With a prime location, the property is in the zone for Dawson School, a Contributing school with a decile rating of 1, and Tangaroa College, a Secondary school catering to Years 9-15, also with a decile rating of 1. This not only adds to the property's allure but also ensures a consistent demand for the commercial space.
Occupying a quiet cul-de-sac, this retail shop is at the heart of a vibrant mix of retail, supermarkets, bakeries, hospitality, and apartment complexes, with easy access to major thoroughfares and a short drive from Flatbush's downtown. The availability of over 100 car parks on site adds to the convenience for shoppers.
Updated on July 25, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.26 km | 3 | 1 | 90m2 | Year 2024 Month 12 Day 17 | - | Council approved | |
 | 0.33 km | 3 | 2 | -m2 | Year 2024 Month 12 Day 13 | - | Council approved | |
 | 0.27 km | 3 | 1 | 80m2 | Year 2024 Month 10 Day 23 | $778,000 | Council approved | |
 | 0.16 km | 3 | 1 | 0m2 | Year 2024 Month 10 Day 01 | $725,000 | Council approved | |
 | 0.20 km | 3 | 1 | 93m2 | Year 2024 Month 08 Day 25 | $830,000 | Council approved |