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69 Tongariro Street, Taupo, Taupo, 0 Bedrooms, 1 Bathrooms, Retail Property

Sold: $360,000

Sold on 2024 Year 2024 Month 07 Day 11

69 Tongariro Street, Taupo, Taupo

1
90m2

Nestled at 69 Tongariro Street, Taupo, this commercial-retail property boasts an average concrete exterior and iron roof, with a single bathroom and a generous 90 square meters of floor area. As a unit title property, it offers a high-profile location with north-facing street frontage on Taupo's main street. Currently, it presents a rare opportunity for investors or owner-operators to secure a prime position in the CBD at an entry-level price. The property has experienced no change in its capital value since 2019, remaining at $610,000, while the HouGarden AVM estimates it at $602,500. Notably, the latest sales history shows a unit sold for $360,000 in 2024 and $340,000 in 2023, indicating a dynamic market. With a potential rental income of $33,140.00 per annum plus GST, and an existing rental for the storage shed at $4,100.00 per annum plus GST, this property is a golden opportunity in the heart of a revitalized town center.

Since 2019, the capital value has seen no increase, remaining steady at $610,000. However, the property's appeal is enhanced by the HouGarden AVM of $602,500 and a notable sales history, with transactions at $360,000 in July 2024 and $340,000 in November 2023. This consistency in value is a testament to the property's stable appeal and the area's desirability.

For families, the property falls within the decile 5 school zones of both Taupo School and Taupo-nui-a-Tia College, ensuring access to quality education. Taupo School is a contributing primary school, while Taupo-nui-a-Tia College caters to secondary students from Year 9 to 15.

Updated on August 14, 2024

Council Data

Last update : 2024 12 11
Improvement value$250,000Reduced by -27% from year 2019
Land value$360,000Increased by 35% from year 2019
CV(Year 2022 Month 07)$610,000Reduced by 0% from year 2019
Floor area90m²
TitleSA61D/548
Type of titleUnit Title
Legal descriptionSEC 1 BLK XVII TOWM OF TAUPO UNIT C, AUC1 DPS 76777, SEC 1 BLK XVII TOWN OF
CouncilTaupo
Estate descriptionSTFH,1/1,UNIT C AND ACCESSORY UNIT C1 DEPOSITED PLAN SOUTH AUCKLAND 76777
ConstructionExternal Walls: Concrete
Roof: Iron
ConditionExternal Walls: Average
Roof: Average

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Taupo School
0.33 km
Primary
1-6
Government
Co-Educational
EQI: 453
5
Taupo-nui-a-Tia College
1.01 km
Secondary
9-15
Government
Co-Educational
EQI: 464
5

Property history

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For developers

Unitary plan:-
Land:-
Title:Unit Title

Surrounding facilities

Tongariro Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
1/8 Woodward Street, Nukuhau
0.23 km
2
1
100m2
Year 2024 Month 11 Day 25
-
Council approved
3/115 Tamamutu Street, Taupo
0.37 km
2
1
79m2
Year 2024 Month 11 Day 01
$535,000
Council approved
11/40 Norman Smith Street, Nukuhau
0.24 km
2
1
120m2
Year 2024 Month 10 Day 11
$525,000
Council approved
12/101 Roberts Street, Taupo
0.53 km
3
2
151m2
Year 2024 Month 07 Day 08
-
Council approved
6/1 Taniwha Street, Taupo
0.93 km
3
2
188m2
Year 2024 Month 07 Day 05
$965,000
Council approved

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