L/112 Dawson Road, Clover Park, Auckland - Manukau

Nestled in the coveted commercial hub of Clover Park, this exceptional commercial property presents a golden opportunity. Constructed in 1993 with concrete walls and an iron roof, the property boasts an average condition and is governed by a Unit Title. Spanning approximately 230sqm, it includes 2 carparks and is currently leased to a well-established tenant, generating a net rental income of $66,172 per annum plus GST and outgoings. The property's Capital Value (CV) has seen a remarkable increase from $1,025,000 in 2017 to $1,650,000 as of June 2021, reflecting a growth rate of 60.98%. The HouGarden AVM estimates the property's worth at $1,607,500, while the latest sales history shows transactions at $355,000 in 2001 and $220,000 in 1999.

With a prime location, the property is in the zone for Dawson School, a Contributing school with a decile rating of 1, and Tangaroa College, a Secondary school catering to Years 9-15, also with a decile rating of 1. This not only adds to the property's allure but also ensures a consistent demand for the commercial space.

Occupying a quiet cul-de-sac, this retail shop is at the heart of a vibrant mix of retail, supermarkets, bakeries, hospitality, and apartment complexes, with easy access to major thoroughfares and a short drive from Flatbush's downtown. The availability of over 100 car parks on site adds to the convenience for shoppers.

Updated on July 25, 2024