4/172 Kitchener Road, Milford, Auckland - North Shore

Nestled at 4/172 Kitchener Road, Milford, Auckland, on the North Shore, this commercial-retail property boasts an average condition mixed-material exterior and an iron roof. With a single bathroom and a floor area of 60 square meters, it operates under a Cross-Lease ownership. Notably, the property's capital value has seen a significant increase from $660,000 in July 2017 to $880,000 as of June 2021, marking a 33.33% growth rate. The HouGarden AVM estimates the property's value at $872,500, and the latest sale was recorded at $400,000 in October 2024.

Regarding the government valuations, the property has shown a consistent upward trend. The recent figures reflect a promising investment opportunity in a thriving retail location. Moreover, the property is situated within a highly sought-after school zone, with Westlake Boys' and Girls' High Schools, Milford School, Takapuna Normal Intermediate, and Takapuna Grammar School all rating a decile of 9 or 10. This makes it an ideal choice for families seeking top-notch education facilities.

With its prime location and promising growth potential, this property is a golden opportunity for investors and families alike, benefitting from the convenience of nearby educational institutions and the prospect of continued capital value appreciation.

Updated on November 27, 2024