99 Broadway, Matamata, Matamata

Positioned on the esteemed Broadway, this freehold property is a commercial Retail use masterpiece, completed in 2019 withIron roofing and Concrete walls in good condition. Showcasing a floor area of 352sqm on a land area of 400sqm, this property is designed for three tenancies but ingeniously adapted into two spacious units. The capital value has seen a growth of 26.82% from $1,790,000 in 2018 to $2,270,000 in 2021, with HouGarden AVM estimating it at $2,285,000. The latest sale was recorded at $2,080,000 in August 2024.

With a CV increase that outpaces the market, this property presents a solid investment opportunity. It currently generates an annual income of $120,845.04 plus GST and outgoings, with two reputable tenants, Triton Hearing and Sofra Mediterranean Bar and Grill, adding to the location's vibrancy.

As for the school zone, Matamata Primary School, a contributing school with a decile rating of 6, is in close proximity. This not only adds to the property's appeal but also ensures a quality educational option for the community.

Updated on October 02, 2024