15 Belmont Road, Paeroa, Hauraki

Located at 15 Belmont Road, Paeroa, Hauraki, this commercial property presents a unique business opportunity with its retail space facing the road and a substantial 300m2 building at the rear. The property, categorized for commercial - retail use, features a freehold ownership type, ensuring complete control over the premises. The building, constructed in 1960, comprises concrete walls and an iron roof, both in average condition. With a floor area of 120m2 and a land area of 286m2, the property offers ample space and storage. It includes 1 carpark, enhancing its accessibility and convenience for business operations.

The property's capital value has remained stable at $195,000 as of September 2021, with no increase recorded from July 2021. However, the HouGarden AVM estimates its value at $190,000. The latest sale records show a significant transaction on August 16, 2023, for $375,000, following a previous sale on May 14, 2015, for $100,000. This indicates a notable capital value increase, highlighting the property's investment potential.

While specific school zone information and decile ratings are not provided, the property's strategic location in Paeroa, known for its community spirit and business-friendly environment, suggests proximity to reputable educational institutions. The opportunity for a self-sustaining production to retail business, coupled with the property's features and recent sales history, makes it an exciting prospect for investors and entrepreneurs alike.