69 Tongariro Street, Taupo, Taupo

Nestled at 69 Tongariro Street, Taupo, this commercial-retail property boasts an average concrete exterior and iron roof, with a single bathroom and a generous 90 square meters of floor area. As a unit title property, it offers a high-profile location with north-facing street frontage on Taupo's main street. Currently, it presents a rare opportunity for investors or owner-operators to secure a prime position in the CBD at an entry-level price. The property has experienced no change in its capital value since 2019, remaining at $610,000, while the HouGarden AVM estimates it at $602,500. Notably, the latest sales history shows a unit sold for $360,000 in 2024 and $340,000 in 2023, indicating a dynamic market. With a potential rental income of $33,140.00 per annum plus GST, and an existing rental for the storage shed at $4,100.00 per annum plus GST, this property is a golden opportunity in the heart of a revitalized town center.

Since 2019, the capital value has seen no increase, remaining steady at $610,000. However, the property's appeal is enhanced by the HouGarden AVM of $602,500 and a notable sales history, with transactions at $360,000 in July 2024 and $340,000 in November 2023. This consistency in value is a testament to the property's stable appeal and the area's desirability.

For families, the property falls within the decile 5 school zones of both Taupo School and Taupo-nui-a-Tia College, ensuring access to quality education. Taupo School is a contributing primary school, while Taupo-nui-a-Tia College caters to secondary students from Year 9 to 15.

Updated on August 14, 2024