7 Tamariki Avenue, Orewa, Auckland - Rodney

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.