510 Great South Road, Huntly, Waikato

Located at 510 Great South Road, Huntly, Waikato, this unique commercial property offers a blend of retail and potential residential use. With a floor area of 150 sqm and a substantial land area of 997 sqm, the property is currently categorized for Commercial - Retail use. Constructed in 1960, the building features wood wall construction and an iron roof, both in average condition. This freehold property includes 1 bedroom, unspecified number of bathrooms, and 1 carpark, making it an intriguing option for those looking to combine living and working spaces. The property's appeal is further enhanced by its backing onto farmland, providing a serene backdrop.

The property's capital value has remained steady at $265,000 since July 2017, with no increase observed by October 2020. However, a significant sale was recorded on November 20, 2023, for $390,000, indicating a potential underestimation of its market value. The HouGarden AVM estimates the property's value at $260,000, slightly below the government's assessment. This discrepancy, along with the property's latest sale price, suggests a growing interest and value in this location.

Situated within the Taupiri School zone, which is a Full Primary school with a decile rating of 3, the property offers educational opportunities for families considering this aspect. The property's unique proposition of a commercial space with residential potential, coupled with its strategic location and school zoning, makes it an attractive investment or project for the right buyer.