6226 Great South Road, Horotiu, Waikato

Nestled on a substantial 4.4+ hectare freehold title at 6226 Great South Road, Horotiu, this industrial property boasts a mix of versatile industrial buildings. Constructed in 1980 with mixed materials for the walls and iron for the roof, the property presents an average condition throughout. Spanning a floor area of 1758 square meters, it's a prime candidate for land bankers, developers, or investors looking to capitalize on Hamilton City's relentless northward expansion. This locale is emerging as an extension of Te Rapa, with easy access from the State Highway 1 motorway offramp, making it a pivotal gateway to Northgate Industrial Park and Te Awa Lakes. The site, situated at a high-profile corner intersection with traffic lights, enjoys seamless egress in both north and south directions. The adjacent Auckland Ports' inland port and the burgeoning large-scale residential development enhance business prospects and underscore the property's capital gain potential. Notably, the capital value remains stable at $9,200,000 since 2023, with a CV increase of 0.0%.

Recent valuation from HouGarden AVM estimates the property at $8,970,000, while the sale history indicates a promising investment opportunity. With no change in the capital value from July 2023 to October 2023, the property offers a steady investment horizon.

For families, the property falls within the zones of Hamilton's Fraser High School, a secondary school with a decile rating of 4, and Horotiu School, a full primary school with a decile rating of 3. This once-in-a-generation opportunity is not to be missed.

Updated on August 12, 2024