23 Honan Place, Avondale, Auckland

Nestled in the heart of Avondale, at 23 Honan Place, lies a prime industrial warehousing property on a freehold site. Constructed in 1971 with wood exterior walls and an iron roof, this average-condition property spans an area of 1,816sqm with a floor area of 820sqm. It boasts a 400sqm warehouse, 45sqm office space, and amenities, with multiple car parks. The property has seen a significant jump in its capital value, increasing from $1,320,000 in 2017 to $2,225,000 as of June 2021, reflecting a growth rate of 68.56%. The latest sale was recorded at $2,600,000 in August 2024, a stark contrast to its $355,000 sale price in 1994.

Valued at $2,130,000 by the HouGarden AVM, this property presents an affordable rental opportunity in a prime location. It is suitable for a range of businesses and is expected to be snapped up quickly. For educational facilities, the property falls within the zones of Rosebank School (Decile 2), Avondale Intermediate (Decile 2), and Avondale College (Decile 4), ensuring quality education options for the family.

With its convenient location and potential for growth, this warehouse unit is an attractive prospect for any investor or business owner.

Updated on October 09, 2024