132g Marua Road, Mount Wellington, Auckland

Nestled in the heart of Mount Wellington, Auckland, this industrial office/warehouse unit at 132g Marua Road boasts a prime location in a popular industrial precinct. The 233m² unit, built in 1998 with concrete walls and iron roof in good condition, is complemented by a 144m² site coverage and an accessory unit that can accommodate three cars. It is a Unit Title in freehold and incorporates two bedrooms. The property's Capital Value (CV) has seen a significant increase from $940,000 in July 2017 to $1,500,000 as of June 2021, reflecting a growth rate of nearly 60%. The latest sales history includes transactions in 2002 for $260,000 and in 2000 for $155,000. The HouGarden AVM estimates the property's value at $1,397,500. Concerning education, the property falls within the decile 9 Baradene College zone, the decile 4 Stanhope Road School, and the decile 3 One Tree Hill College, offering a range of educational options.

For investors and entrepreneurs, this is a rare opportunity to acquire a well-presented property with a promising CV growth trajectory and convenient access to major transport routes and amenities.

Updated on May 31, 2024