60 Victoria Street, Cambridge, Waipa

Nestled in the vibrant heart of Cambridge at 60 Victoria Street, this retail gem boasts a strategic location that's hard to beat. With a modern 31sqm floor area and a recent refurbishment in 2018, this unit-titled property is tenanted, offering a stable net rental income of $19,935 pa + GST and outgoings. The unknown exterior walls and roof construction add a touch of mystery to this potentially value-appreciating investment. As a commercial - retail use property, it's set in a high-profile area with a consistent flow of traffic, surrounded by established businesses and convenient public parking options nearby. The property's Capital Value (CV) has seen a dramatic increase of 54.05% from $185,000 in 2019 to $285,000 as of 2022, showcasing its investment potential. The latest sale history includes a transaction at $408,250 in June 2024, a significant jump from the previous sale of $210,000 in March 2012.

For families or investors considering the school zone, this property falls within the decile 9 Cambridge High School, Cambridge Middle School, and Cambridge School catchments, ensuring top-notch education opportunities. The HouGarden AVM estimates the property's value at $280,000, making it an attractive prospect for those seeking a combination of investment return and educational advantage.

Updated on August 01, 2024