11/119 Meadowland Drive, Somerville, Auckland - Manukau

Nestled within the bustling Somerville Shopping Centre, this 80sqm commercial property, built in 1993 with mixed materials and a tiled roof, is presented in good condition both inside and out. It's currently operating as a restaurant, benefiting from a prime location that caters to the Howick and surrounding Somerville communities. The property boasts 1 bathroom, 4 carparks, and is under a Unit Title. With a CV of $630,000 as of June 2021, it has shown a 16.67% increase since July 2017. The latest sale in the area was for $613,000 in September 2024, while the HouGarden AVM estimates the property's value at $602,500.

When it comes to investment potential, the property is situated in a high-demand residential area, with easy access to public transport, including a short walk to the Somerville bus station. The surrounding area is populated with townhouses, units, and homes, offering a diverse range of quality tenants along the shopping strip, from dentists and medical centers to gourmet cafes and restaurants.

For families, the property falls within the zones of several well-regarded schools. Cockle Bay School and Somerville Intermediate School both have a decile rating of 10, Star of the Sea School in Howick is rated 9, Howick College has an 8 decile rating, and Sancta Maria College is rated 7. This makes it an ideal location for those considering both business and educational opportunities.

Updated on October 16, 2024