Positioned on the esteemed Broadway, this freehold property is a commercial Retail use masterpiece, completed in 2019 withIron roofing and Concrete walls in good condition. Showcasing a floor area of 352sqm on a land area of 400sqm, this property is designed for three tenancies but ingeniously adapted into two spacious units. The capital value has seen a growth of 26.82% from $1,790,000 in 2018 to $2,270,000 in 2021, with HouGarden AVM estimating it at $2,285,000. The latest sale was recorded at $2,080,000 in August 2024.
With a CV increase that outpaces the market, this property presents a solid investment opportunity. It currently generates an annual income of $120,845.04 plus GST and outgoings, with two reputable tenants, Triton Hearing and Sofra Mediterranean Bar and Grill, adding to the location's vibrancy.
As for the school zone, Matamata Primary School, a contributing school with a decile rating of 6, is in close proximity. This not only adds to the property's appeal but also ensures a quality educational option for the community.
Updated on October 02, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.48 km | 2 | 1 | 88m2 | Year 2024 Month 11 Day 13 | - | Council approved | |
 | 0.48 km | 2 | 1 | 88m2 | Year 2024 Month 11 Day 13 | - | Council approved | |
 | 0.24 km | 1 | 1 | 60m2 | Year 2024 Month 09 Day 20 | - | Council approved | |
 | 0.48 km | 2 | 1 | 109m2 | Year 2024 Month 08 Day 24 | $620,000 | Council approved | |
 | 0.18 km | 2 | 1 | 88m2 | Year 2024 Month 07 Day 29 | $620,000 | Council approved |