2 Mannering Street, Tokoroa, South Waikato

Nestled at 2 Mannering Street, Tokoroa, South Waikato, this industrial-service property is a gem on a freehold site of approximately 809 square meters. Constructed in 1970 with iron walls and roof in good condition, it boasts a single bathroom and a floor area of about 90 square meters. The site, zoned for commercial use, features a large garage of similar size, sitting on a concrete slab with timber framing and galvanized steel lined walls, partly concrete block. It's a versatile property suitable for storage, container site, or further development. With a HouGarden AVM of $145,000 and no change in capital value since 2018 at $153,000, the property presents a stable investment. The latest sales history shows transactions at $190,000 in 2024 and $350,000 in 2020, indicating potential growth. This property is a draw for motorhome enthusiasts seeking a home base due to its central North Island location and attractive pricing.

Since 2018, the capital value has remained stable with a 0.0% increase. The property's potential is further highlighted by its strategic location in the business zone and the growing popularity of Tokoroa. It's a solid investment with a promising future.

For families, the property falls within a school zone with reputable institutions. The educational facilities and their high decile ratings make this property even more appealing for those considering long-term residency.

Updated on October 23, 2024