Nestled at 17a Maui Street, Pukete, Hamilton, this industrial-service property is a prime example of modern architecture, built in 2015 with iron walls and roof in good condition. It boasts a floor area of 726sqm and a vast land area of 3,232sqm, complete with a concrete yard. The freehold property, valued at $1,960,000 as of September 2021, has shown a remarkable CV increase of 64.71% since September 2018. With two tenants on recently established five-year lease terms, this is an investment opportunity not to be missed. Its strategic location, close to The Base, Te Rapa Road, Wairere Drive, and SH1C, ensures utmost convenience.
As for financials, the HouGarden AVM estimates the property's value at $1,940,000. The recent sales history and the increasing capital value reflect a promising investment prospect. This is the ultimate industrial investment that offers stability and growth potential.
For families, the property falls within the zones of Te Rapa School, a full primary with a decile rating of 7, and Hamilton's Fraser High School, a secondary school with a decile rating of 4, ensuring quality education for all ages.
Updated on November 22, 2024