218m Marua Road, Mount Wellington, Auckland

Located at 218m Marua Road, Mount Wellington, Auckland - City, this prime industrial unit is set to become available for lease in May 2024. It is a light manufacturing property with a floor area of 998m², featuring a generous 736m² warehouse and an additional 317m² of office/amenities space. The building, constructed in 1970 with wood walls and an iron roof, both in good condition, can be accessed via two large roller doors. Despite having no carparks listed, there is ample parking for staff and visitors. This unit title property benefits from dual access via both Marua Road and Lunn Avenue, making it highly accessible.

The property has seen a significant increase in capital value, from $2,875,000 in July 2017 to $4,650,000 in June 2021, marking a 61.74% increase. The latest sale data shows a transaction at $4,420,000 on December 20, 2023, up from $2,930,000 on December 7, 2016. The HouGarden AVM estimates the property's value at $4,570,000, indicating its strong market presence and investment potential.

In terms of education, the property is zoned for Stanhope Road School (Full Primary, decile 4), One Tree Hill College (Secondary Year 9-15, decile 3), and Baradene College (Secondary Year 7-15, decile 9). These schools offer a range of educational opportunities for families in the area. Mount Wellington's strategic location, close to key transport links and amenities, makes it an attractive option for industrial operations, further enhanced by its proximity to excellent educational institutions.