Nestled on a spacious 480 sqm (more or less) freehold section at 47 Broadway, Matamata, this versatile commercial property is a gem for investors. Constructed with average concrete walls and an iron roof, it presents an ideal opportunity in the bustling heart of Matamata. The property, with high foot traffic and visibility, is suitable for various business ventures. It features three retail spaces on the ground floor and two office spaces upstairs, served by a lift and stairway. Notably, it's anchored by the renowned Robert Harris Cafe. The property's Capital Value (CV) has seen a remarkable increase of 40.41% from $1,460,000 in 2018 to $2,050,000 in 2021. The HouGarden AVM estimates it at $2,032,500, while the latest sales were in 2006 for $1,000,000 and in 1996 for $286,875. In terms of education, Matamata Primary School, a contributing school with a decile rating of 6, is in the zone.
With easy access to transportation and opposite the local i-site, this property is not only convenient for customers but also a strategic investment. The prime corner location and potential for growth make it an attractive prospect for those looking to expand their property portfolio.
Matamata's sought-after school zone and the property's increasing CV are additional highlights that make this property a compelling choice. Don't miss the chance to secure this prominent retail space, which is set to be auctioned on 7th November 2024, unless sold prior.
Updated on November 07, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.40 km | 3 | 2 | 187m2 | 2024 12 18 | - | Council approved | |
0.24 km | 0m2 | 2024 12 12 | $340,000 | Council approved | ||||
 | 0.12 km | 2 | 113m2 | 2024 11 04 | $650,000 | Council approved | ||
 | 0.34 km | 3 | 1 | 92m2 | 2024 10 16 | $480,000 | Council approved | |
 | 0.22 km | 1 | 1 | 60m2 | 2024 09 20 | - | Council approved |