33 George Street, Tuakau, Waikato

Nestled at 33 George Street, Tuakau, Waikato, this commercial-retail property is a freehold establishment sitting on a land area of 823 sqm with a floor area of 520 sqm. It boasts mixed-material walls and an iron roof, both in average condition. The property includes a single carpark and is currently valued at $750,000 according to the government's capital value assessment, showing no increase since the previous valuation. Notably, it features three diverse tenancies, including food, professional services, and trade retail, all fully occupied, providing a stable investment return of $62,830pa + GST, set to increase to $65,401.59pa + GST from November 1st, 2024.

With a HouGarden AVM of $755,000, the property's latest sale history includes a transaction of $750,000 on August 20, 2024, and $362,500 from November 8, 2004. The capital value has seen a growth of 0.0% over the period. This prime corner site is not only a lucrative investment but also holds potential for future development, strategically positioned at the southern end of Tuakau Village's main CBD.

For families, the property falls within the Tuakau College zone, a secondary school catering to Year 7-15 students with a decile rating of 4. This combination of a solid investment opportunity and a desirable school network makes it an exceptional and unique proposition for potential investors.

Updated on October 02, 2024