Located at 88 Alpha Street, Cambridge, Waipa, this commercial property, specifically designed for retail use, presents a unique opportunity. The building, constructed in 1980 with fibrous cement walls and an iron roof, spans a floor area of 145 square meters on a generous 713 square meter freehold land. Both the roof and wall conditions are rated as good, ensuring a solid structure for any business. The property also benefits from 2 car parks, enhancing its accessibility.
Over the years, the capital value of this property has seen a significant increase, from $510,000 in August 2019 to $730,000 in August 2022, marking a 43.14% growth. The latest sale, recorded on March 4, 2024, was at $825,000, up from $175,000 in January 2005. The HouGarden AVM estimates the property's value at $700,000, indicating its strong market presence and potential for further growth.
Education is a key feature of this location, with Cambridge High School, Cambridge Middle School, and Cambridge School all within the vicinity, each boasting a decile rating of 9. This high educational standard adds to the property's appeal, making it an attractive option for families and educational professionals alike.
Updated on April 04, 2024.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.00 km | 2 | 1 | 120m2 | 2024年03月08日 | $780,000 | Council approved | |
0.42 km | 3 | 137m2 | 2024年03月01日 | $1,145,000 | Council approved | |||
 | 0.33 km | 2 | 1 | 240m2 | 2023年12月13日 | $775,000 | Council approved | |
0.14 km | 2 | 1 | 90m2 | 2023年11月09日 | $660,000 | Council approved | ||
0.15 km | 4 | 190m2 | 2023年11月08日 | $850,000 | Council approved |