10/240a Broadway, Newmarket, Auckland

Nestled in the vibrant heart of Newmarket, this retail unit at 10/240a Broadway is a gem for any business seeking a prime location. Constructed in 2006 with mixed materials for both the walls and roof, this well-maintained property boasts a floor area of approximately 101sqm. It comes with unit title ownership and includes a rare advantage of two designated car parks. The property's capital value has seen a decrease of 16.07% from $560,000 in 2017 to the current $470,000 as of June 2021. However, the HouGarden AVM estimates a higher value at $542,500, and the latest sale on September 4, 2024, was at $530,000, indicating a potential for value appreciation.

With a CV increase history in mind, this property is not just about the numbers. It's strategically located, close to the train station entrance, which enhances foot traffic. The modern fit-out makes it ideal for various retail uses. The schools in the area are also a big plus, with Auckland Grammar, Epsom Girls' Grammar School, and Auckland Normal Intermediate all boasting high decile ratings of 9, while Newmarket School and Remuera Intermediate are at 7 and 8 respectively, making this an attractive option for families.

Indeed, this is not just a retail space; it's an opportunity to secure a prime spot in one of Auckland's most sought-after areas, with the added benefit of being in a highly rated school zone.

Updated on October 23, 2024