2 Bow Street, Raglan, Waikato

Nestled at 2 Bow Street, Raglan, Waikato, this Freehold property boasts a rich history, built in 1910 with mixed materials for walls and iron for the roof. It stands as a commercial-retail opportunity with an average condition exterior, a floor area of 382 square meters, and a land area of 772 square meters, complete with 3 carparks. The property, home to the well-known COSTA PIZZA, has been a local favorite for 15 years, providing both indoor and outdoor dining experiences in the heart of the town.

As per the latest valuation, the Capital Value remains unchanged at $3,110,000 since October 2023, with a HouGarden AVM of $3,027,500. The property's latest sale history includes a transaction in July 2024 for $2,825,000, a significant increase from the sale in 1998 for $218,000. The CV has seen a stable growth rate of 0.0%.

For families, the Raglan Area School caters to Year 9-13 students and is classified as a Composite school with a decile rating of 4. This property not only offers a business opportunity but also the advantage of being in a desirable school zone.

Updated on July 17, 2024