Located at 7 Tamariki Avenue, Orewa, Auckland - Rodney, this unique commercial property presents a rare investment opportunity. The freehold property spans 1,037m2 and features a standalone 3-level building with a total floor area of 810m2. Constructed in 1980 with concrete walls and an iron roof, both in good condition, it offers 21 car parks and is situated in a prime location with high foot traffic and proximity to Orewa Beach. This property is zoned for Business Town Centre, allowing for a development height of up to 18m, and comes with approved resource consent for a 55-unit development.
Since 2017, the capital value has increased from $3,175,000 to $3,925,000, marking a 23.62% growth. The latest HouGarden AVM estimates its value at $3,862,500. Recent sales history shows a significant transaction on December 22, 2023, for $4,200,000, following a previous sale on November 18, 2021, for $4,050,000. This demonstrates a strong and growing interest in the property, highlighting its potential as a lucrative investment.
The property falls within the school zones of Orewa Beach School, a contributing school with a decile rating of 7, and Orewa College, a secondary school (Year 7-15) with a decile rating of 9. This adds to the property's appeal, offering potential benefits from its location within highly regarded school zones.
adresse | distance | nombre de chambres | nombre de salles de bain | superficie du bâtiment | date de vente | prix de vente | source de données | |
|---|---|---|---|---|---|---|---|---|
 | 0.06 km | 1 | 1 | 70m2 | 2024 12 06 | - | Council approved | |
 | 0.23 km | 3 | 2 | 108m2 | 2024 11 01 | $760,000 | Council approved | |
0.23 km | 3 | 1 | 72m2 | 2024 10 24 | $760,000 | Council approved | ||
0.06 km | 2 | 1 | 79m2 | 2024 10 16 | $850,000 | Council approved | ||
 | 0.20 km | 5 | 3 | -m2 | 2024 10 01 | $1,850,000 | Council approved |