129 Kolmar Road, Papatoetoe, Auckland - Manukau

Nestled on a quiet cul-de-sac at 129 Kolmar Road, Papatoetoe, Auckland, this commercial office space boasts a freehold title with an impressive 809sqm land area and a 660sqm floor area. Constructed in 1970 with concrete walls and an iron roof, both in average condition, the property offers 10 carparks and a ground floor retail/office space of approximately 338sqm. The capital value has seen a rapid increase of 46%, from $1,250,000 in 2017 to $1,825,000 as of June 2021, reflecting its growing investment potential. The latest sales history is notable, with a sale in 2021 for $2,500,000 and another in 2024 for $3,000,000, while the HouGarden AVM estimates the property's value at $1,810,000.

For families, the property falls within the decile 2 Papatoetoe Intermediate, decile 4 Papatoetoe Central School, and decile 3 Papatoetoe High School zones, ensuring quality education options. This, combined with the excellent road frontage and convenient access to motorways and amenities, makes it an attractive opportunity for any business or investor.

Updated on November 20, 2024