71 Tasman Road, Avalon, Hamilton

Nestled on a freehold land of 1,385sqm, this industrial service property at 71 Tasman Road, Avalon, Hamilton, boasts a total building floor area of approximately 720sqm, currently divided into two tenancies. Constructed with a mix of materials for the walls and iron for the roof, the building, completed in 2022, is in good condition both inside and out. The property, sitting on a level contour, enjoys a corner site profile with two road crossings, making it an ideal investment opportunity or a possible owner-occupier scenario. Notably, the capital value has seen a substantial increase of 4.81% from $395,000 in 2018 to $2,295,000 as of 2021, reflecting its growing worth. The latest sales history shows transactions at $407,900 and $547,470 in 2019, while the HouGarden AVM estimates the property's value at $2,307,500.

When it comes to the government's valuation, the property has shown a remarkable growth trajectory. For families, the property falls within the school zone of Hamilton's Fraser High School, a secondary institution with a decile rating of 4, ensuring quality education for the children.

Located in Te Rapa, the property is within walking distance from The Base Shopping Centre and major arterial routes, offering convenience for staff and a peaceful setting in a quiet cul-de-sac. This is a quality industrial investment opportunity that promises carefree returns and potential for more.

Updated on September 10, 2024