4 Neal Street, Putaruru, South Waikato

Nestled on bustling Neal Street in Putaruru, South Waikato, this prime commercial property is a gem for investors. Constructed in 1960 with concrete walls and an iron roof, it boasts an average condition throughout. The freehold property encompasses a floor area of 270 square meters on a land area of 139 square meters. It features two ground floor shops, each with dedicated offices and private toilets, alongside an upstairs 2-bedroom unit that presents a versatile option for living or rental income. With a CV of $109,000 as of July 2021, unchanged from 2018, and a HouGarden AVM of $132,500, this property has seen a stable growth trajectory. Notably, the latest sales were recorded at $180,000 in 2007 and $50,000 in 2006, highlighting its consistent appeal. This property offers a solid investment opportunity with a strategic location that ensures a steady flow of customers.

From a financial perspective, the property has experienced a capital value increase of 0.0% over the past three years. However, the real potential lies in its location and versatility, making it an attractive prospect for business owners and investors alike. The busy road frontage ensures high visibility and easy access, which are key factors for business success.

For families, the property falls within a desirable school zone. With top-notch educational institutions in close proximity, this address becomes even more appealing. The combination of a prime location, versatile structure, and a stable property market make this a rare find indeed.

Updated on July 05, 2024