184 Puahue Road, Te Awamutu, Waipa

Located at 184 Puahue Road, Te Awamutu, Waipa, this industrial property, categorized under light manufacturing, spans a generous land area of 11,547 square meters with a floor area of 551 square meters. The property, built in 1940, features mixed materials for wall construction and fibrous cement for the roof, both in average condition. It is a freehold property, offering the full spectrum of ownership rights without the encumbrances of leasehold interests.

Over the years, the capital value of this property has seen a significant increase, from $720,000 in August 2019 to $1,130,000 in August 2022, marking a 56.94% growth. The HouGarden AVM estimates its value at $1,112,500. Remarkably, the latest sale recorded on February 28, 2024, was at $2,600,000, showcasing the property's substantial appreciation in value.

The property is well-positioned within the school zones of Te Awamutu College and Te Awamutu Intermediate, both with a decile rating of 5, indicating an average level of socio-economic advantage. Additionally, it falls within the zone for Puahue School, which boasts a higher decile rating of 8, reflecting a higher socio-economic status. These schools offer a range of educational opportunities from contributing primary to secondary (Year 9-15) levels.