Nestled at 1D Wade River Road, Stanmore Bay, Auckland - Rodney, this commercial property presents a lucrative investment with a current Capital Value (CV) of $930,000 as of June 2021. Constructed in 1970 with mixed materials for the walls and iron for the roof, the property stands in good condition both inside and out. It boasts a floor area of 272 square meters under a Unit Title ownership. The property, with its prime location in the heart of Whangaparaoa's town center, is designed to offer optimal visibility for businesses and currently houses three tenancies generating a solid annual income.
Since July 2017, the property has seen a CV increase of 4.49%, reflecting a growing property value. The HouGarden AVM estimates the property's worth at $892,500, while the latest sale records from February 2024 and October 2008 indicate sale prices of $910,000 and $845,000 respectively. These figures highlight the consistent capital appreciation of the property over the years.
For families, the property falls within the decile 9 school zones of both Whangaparaoa College (Secondary, Year 7-15) and Whangaparaoa School (Contributing). This ensures access to high-quality education for children of all ages, adding to the property's appeal as an investment with long-term potential.
Updated on April 10, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 5 | 2 | -m2 | Year 2024 Month 12 Day 01 | $1,350,000 | Council approved | |
0.20 km | 1 | 1 | 65m2 | Year 2024 Month 10 Day 01 | $575,000 | Council approved | ||
 | 0.19 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 01 | $590,000 | Council approved | |
 | 0.19 km | 2 | 1 | 62m2 | Year 2024 Month 08 Day 31 | $590,000 | Council approved | |
 | 0.13 km | 2 | 1 | 110m2 | Year 2024 Month 07 Day 23 | - | Council approved |