6581 State Highway 1, Kinleith, South Waikato

Nestled at 6581 State Highway 1, Kinleith, South Waikato, The Bull Ring stands as a thriving commercial hub with immense potential. This freehold property boasts a mixed-material exterior and an iron roof, sitting on a spacious 7150m2 lot. It features a floor area of 580m2 and includes various amenities such as a cafe, restaurant/bar, accommodation blocks, a bottle store, and a commercial kitchen. The property, with average wall and roof conditions, also includes 2-bedroom manager's accommodation and a playground. It's a golden opportunity to own a well-established business in a high-traffic area.

Since the latest sale in 2017 at $450,000, the property has seen a consistent government valuation of $525,000, with no increase from the 2018 valuation. However, the HouGarden AVM estimates the property at $520,000, indicating its market potential. The capital value growth percentage stands at 0.0%, but the business's reputation and growth opportunities could lead to a surge in value.

For families, the property falls within the zone of John Paul College, a secondary school with a decile rating of 7. This indicates a good standard of education in the area, making it an attractive prospect for those with children.

Updated on November 26, 2024