35 Princes Street, Putaruru, South Waikato

Located at 35 Princes Street, Putaruru, South Waikato, this commercial property offers a unique investment opportunity. With its retail use designation, the building spans a floor area of 150 square meters on a freehold land area of 294 square meters. Constructed in 1930, the property features brick walls and an iron roof, both in average condition. Despite its age, the property holds significant potential for investors looking for a space with historical charm.

The property's capital value has remained stable at $78,000 since July 2018, with no increase observed. However, the HouGarden AVM estimates its value at $107,500, indicating potential unrecognized growth. The latest sale on January 24, 2024, was for $90,000, showing a substantial increase from its previous sale price of $45,000 on August 2, 2005. This demonstrates a steady interest and value appreciation in the property over the years.

While specific school zoning information is not provided, the property's location in Putaruru suggests proximity to local educational institutions. Potential investors should consider the local school decile ratings and performance when evaluating the property's suitability for retail purposes that cater to families and the broader community.

Updated on April 06, 2024.