140 Main Street, Huntly, Waikato

Nestled at 140 Main Street, Huntly, Waikato, this commercial-retail property is a freehold establishment built in 1920, featuring brick walls and an iron roof in average condition. With a floor area of 150 square meters and a land area of 162 square meters, it offers an entry-level investment opportunity with long lease terms and a tenanted investment that provides a comfortable annual return of $19,600pa + GST and OPEX. This property stands out with its above minimum IEP rating and excellent exposure on Main Street, making it an attractive choice for those venturing into the commercial property market.

As per the valuation history, the property has maintained a Capital Value (CV) of $380,000 since October 2023, with no increase observed by July 2023. The HouGarden AVM estimates the property's value at $347,500. Notably, the property was sold for $305,000 on October 31, 2024, and for $330,000 on October 22, 2020, indicating a consistent demand for such investments in the area.

For families or investors considering the school zone, this property falls within a district with above-average decile ratings. The local schools are known for their quality education, making this property even more appealing for those seeking a sound investment with added educational benefits.

Updated on December 11, 2024