State Highway 3, Awakino, Waitomo

Nestled on State Highway 3 in the serene Awakino, Waitomo, this commercial accommodation property is a freehold establishment that exudes potential. It boasts a single carpark, a generous floor area of 180 square meters, and is set on a sprawling 41,695 square meter land. The exterior walls, crafted from a mix of materials, are in average condition, as is the iron roof, ensuring a sturdy structure that's ready for further investment.

As per the valuation records, the property's capital value has seen a decrease, from $1,680,000 in September 2018 to the current $1,070,000 in September 2021, indicating a -36.31% change. However, the HouGarden AVM estimates the property's worth at $1,607,500, suggesting a potential for revaluation. The latest sale history is notable, with a transaction in 2024 at $790,000, and a previous one in 1995 at $350,000.

For families considering the property, the school zone is a significant plus. With a decile rating that reflects its academic excellence, the nearby schools are an asset to the community, ensuring a quality education for children.

Updated on April 11, 2024