Nestled in the bustling heart of the Meadowland shopping precinct, this highly sought-after single-level commercial space at 3/109 Meadowland Drive, Somerville, Auckland - Manukau, is a retail gem. Constructed in 1997 with mixed materials for the walls and iron for the roof, both in good condition, this Unit Title property boasts 85m² of prime retail area. The property's capital value has seen a growth of 21.2% from $495,000 in 2017 to $600,000 as of June 2021. The latest sale was recorded on August 27, 2024, at $560,000, closely mirroring the HouGarden AVM of $602,500.
With an ownership type that provides security and flexibility, this property is strategically positioned to benefit from the vibrant residential community and excellent foot and vehicle traffic. It's conveniently located near a variety of restaurants and both Asian/European supermarkets, with easy access to all amenities. The surrounding school network includes high decile institutions such as Cockle Bay School (Decile 10), Star of the Sea School (Howick) Decile 9, Howick College (Decile 8), Somerville Intermediate School (Decile 10), and Sancta Maria College (Decile 7), making it an ideal location for families.
Key features include the 85m² of retail space, a highly sought-after location, ample parking, and proximity to all amenities. This Somerville retail opportunity is not to be missed.
Updated on October 02, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.17 km | 4 | 3 | -m2 | Year 2024 Month 12 Day 11 | $1,360,000 | Council approved | |
 | 0.06 km | 3 | 2 | 160m2 | Year 2024 Month 11 Day 26 | - | Council approved | |
 | 0.19 km | 4 | 230m2 | Year 2024 Month 10 Day 18 | $1,687,500 | Council approved | ||
 | 0.06 km | 3 | 1 | 0m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
 | 0.19 km | 4 | 3 | 0m2 | Year 2024 Month 10 Day 01 | $1,600,500 | Council approved |