6 Hauiti Road, Otahuhu, Auckland

Nestled at 6 Hauiti Road, Otahuhu, Auckland, this industrial warehousing facility boasts a standalone freehold title on a 720m² site. Constructed in 1970 with durable brick walls and iron roofing, both in good condition, the property features a 583m² building. The capital value has seen a significant increase from $980,000 in 2017 to $1,600,000 as of 2021, reflecting a growth rate of 63.27%. The property is currently tenanted, returning a net annual income of $73,000 with a lease term of three years remaining plus an option for renewal. Notably, the latest sale history dates back to 2024, where it was sold for $1,211,250, demonstrating the property's consistent market appeal.

As per the government's valuation, the property's estimated worth has been trending upwards. The HouGarden AVM reflects a valuation of $1,562,500, further validating the investment potential. This is complemented by the property's strategic location in a business-light industry zone, enhancing its capital growth prospects.

For families, the property falls within the Otahuhu College zone, a secondary school with a decile rating of 1. This indicates a strong educational institution in the vicinity, adding to the property's overall appeal.

Updated on August 14, 2024