54 Main Street, Huntly, Waikato

Nestled at 54 Main Street, Huntly, Waikato, this freehold property is a commercial-retail gem built in 1950 with mixed materials for walls and iron for the roof. It spans a floor area of 638 square meters on a land area of 714 square meters. The property, with an average wall and roof condition, presents a multi-tenanted investment opportunity, currently returning circa $77,000pa + GST. It has five tenants, including popular food businesses, and an upstairs vacancy suitable for professional or office use. There's also a residential tenant at the rear, adding to the diverse income stream. The property's Main Street exposure ensures high visibility and substantial foot traffic, while strategic refurbishments and lease adjustments could significantly enhance its value and returns.

As per the valuation history, the property's capital value has remained stable at $730,000 since 2023, with a HouGarden AVM of $675,000. The latest sale history includes a transaction on October 31, 2024, for $630,000, and another on January 26, 2018, for $560,000. The capital value growth percentage stands at 0.0%, indicating a solid investment with potential for future appreciation.

For families, the property falls within a school zone with reputable institutions, ensuring access to quality education. The decile rating reflects a commitment to educational excellence in the area.

Updated on December 11, 2024