Embrace this unique property gem nestled in Te Kuiti. Boasting a spacious 1,100sqm floor area and set on a generous 5,855sqm freehold section, this commercial-retail property at 5 Te Kumi Road is designed to impress. With a sturdy iron roof and walls constructed from mixed materials in average condition, it offers 5 carparks and a prime location that guarantees business exposure. The property's capital value has seen a remarkable increase of 52.7% from $740,000 in 2018 to $1,130,000 in 2021, reflecting its growing worth. The HouGarden AVM estimates the property's value at $1,102,500, while the latest sale on June 27, 2024, was for $750,000, indicating a potential bargain for the discerning buyer.
For investors and business owners, the property's history of valuation and sale is a testament to its strategic value. The site presents a versatile canvas for commercial endeavors, with its high-stud drive-through warehouse and additional office spaces, offering a blend of practicality and potential for growth.
Educationally, the property falls within a desirable school zone, enhancing its appeal for families. The nearby schools, known for their high decile ratings, ensure that this property is not only a smart business investment but also a wise choice for those considering the future of their children.
Updated on July 17, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 3 | 165m2 | Year 2024 Month 12 Day 13 | $450,000 | Council approved | ||
0.30 km | 0m2 | Year 2024 Month 11 Day 26 | $145,000 | Council approved | ||||
 | 0.24 km | 5 | 196m2 | Year 2024 Month 11 Day 25 | $410,000 | Council approved | ||
 | 0.33 km | 4 | 2 | 0m2 | Year 2024 Month 10 Day 10 | - | Council approved | |
 | 0.33 km | 188m2 | Year 2024 Month 09 Day 19 | $650,000 | Council approved |