Nestled in the tranquility of 3 Tawhana Street, Te Kuiti, Waitomo, this industrial-light-manufacturing property is a freehold establishment standing firm on a 708m² section since 1980. The 200m² building, complete with 1 carpark, boasts of concrete walls in good condition and an iron roof that has withstood the test of time. The recent exterior repaint and the addition of a new side fence enhance the property's allure. Inside, the high-stud 3-bay structure, previously home to a motor mechanic, offers generous space and is equipped with 3-phase wiring, concrete block, and steel construction, along with offices on both workshop level and upstairs.
As per the valuation records, the property's capital value has seen an impressive increase from $165,000 in September 2018 to $300,000 in September 2021, reflecting an growth rate of 81.82%. The HouGarden AVM estimates the property's worth at $305,000, while the latest sales history shows transactions at $400,000 in July 2023 and $410,000 in September 2024, indicating a consistent rise in market value.
For families considering the educational aspect, this property falls within a school zone with favorable decile ratings and quality schools. It presents a golden opportunity for investors and families alike, with options for both sale and lease.
Updated on September 18, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.21 km | 4 | 136m2 | Year 2024 Month 11 Day 26 | $405,000 | Council approved | |||
 | 0.38 km | 2 | 130m2 | Year 2024 Month 10 Day 03 | $285,999 | Council approved | ||
 | 0.38 km | 3 | 125m2 | Year 2024 Month 09 Day 16 | $345,000 | Council approved | ||
 | 0.20 km | 4 | 150m2 | Year 2024 Month 09 Day 11 | $425,000 | Council approved | ||
 | 0.20 km | 4 | 210m2 | Year 2024 Month 09 Day 02 | $485,000 | Council approved |