Nestled in the heart of Henderson, 15 The Concourse presents a rare freehold property opportunity on a prime industrial site. Constructed in 1970 with mixed materials for the walls and tiles for the roof, this warehousing facility boasts a floor area of 240sqm and a vast land area of 1,123sqm. It includes five carparks and is in fair condition both inside and out. As of June 2021, the capital value has surged to $1,475,000, marking an impressive 84.375% increase from its July 2017 valuation of $800,000. The property's potential is further highlighted by the HouGarden AVM of $1,440,000 and recent sale history, with the latest transaction at $1,350,000 in August 2023.
For investors and owner-occupiers alike, the property currently leases a portion to Zee Imports Limited, generating an income of $55,000 + GST + Outgoings per annum until November 2024. Post-lease, the entire site will be available for occupation, offering a versatile setup with both office and workshop spaces, complemented by a recent refurbishment.
Educationally, the property falls within the decile 5 Rutherford College zone, along with other well-regarded schools such as Pomaria Road School, Waitakere College, Henderson Intermediate, and St Paul's School in Massey, providing a comprehensive range of educational options for families.
Updated on August 05, 2024