1 Croad Place, Tokoroa, South Waikato

Nestled at 1 Croad Place, Tokoroa, in the serene South Waikato, this industrial property with light manufacturing potential is a freehold establishment. Constructed in 2009, the property boasts of iron-clad walls and roof, both in good condition. It spans a floor area of 639 square meters and is set on a generous 4239 square meter land. Ample parking is provided with 5 car parks available. This property is a testament to solid construction and versatile use.

According to the valuation records, the capital value has remained stable since 2018 at $810,000. The HouGarden AVM estimates the property’s worth at $790,000. Notably, the latest sale history shows a significant increase, with a sale price of $1,200,000 in March 2022, followed by a more recent transaction at $965,000 in August 2024, indicating a potential for capital growth.

For families considering the property, the school zone is a significant draw. With a decile rating that reflects educational excellence, the nearby schools are an asset to the community. This property not only offers a sound investment opportunity but also access to quality education.

Updated on August 21, 2024