108 Main Street, Huntly, Waikato

This commercial property located at 108 Main Street, Huntly, Waikato, offers a unique opportunity for investors or business owners. With no specified number of bedrooms or bathrooms, this retail building spans 120m2 in floor area and sits on a 180m2 freehold land parcel. Constructed in 1930, the building features brick walls in average condition and an iron roof, also in average condition. It is designed for retail use, providing ample space for a variety of business ventures. The property includes 3 car parks, enhancing its appeal for potential tenants or customers.

The capital value of this property has remained steady at $300,000 since July 2017, with no increase observed by October 2020. Despite this, the HouGarden AVM estimates its value at $290,000. The property's sale history reveals a recent transaction on January 29, 2024, for $145,000, significantly lower than its previous sale price of $215,000 on June 24, 2016. This suggests a genuine opportunity for buyers to acquire a commercial space at a value close to land cost.

While the listing does not specify school zoning or decile ratings, its prime location in the bustling central Huntly retail zone makes it an attractive proposition for businesses seeking high foot traffic. The property's versatility for retail or office use, along with the potential for creating two separate tenancies, adds to its investment appeal.

Updated on April 06, 2024.