10 Taylor Avenue, Paeroa, Hauraki

Nestled at 10 Taylor Avenue, Paeroa, Hauraki, this industrial-service property is set on a freehold land of 4131 square meters. Constructed in 1964 with fibrous cement walls and an iron roof, both in average condition, the building boasts a floor area of 477 square meters. The property, tenanted by a national brand, offers a prime location with excellent exposure and significant land holding, making it an attractive prospect for investors.

As per the valuation records, the property's capital value has remained stable at $570,000 since July 2021, with a zero increase percentage. However, the HouGarden AVM estimates the property's value at $552,500. Notably, the latest sale history shows a marked increase from $450,000 in October 2020 to $772,000 in July 2024, indicating a promising growth trend. This investment opportunity is currently returning $61,620 per annum plus GST/OPEX, offering a no-nonsense, profitable venture for the discerning investor.

For families, the property falls within a school zone with reputable institutions, ensuring a quality education for children. The property's strategic location and the potential for future development or expansion make it a wise choice for those seeking both immediate returns and long-term growth.

Updated on August 21, 2024