18/12 Harrison Road, Mount Wellington, Auckland

Nestled in the heart of Mount Wellington, Auckland, this nearly brand-new industrial workshop unit at 18/12 Harrison Road offers a rare opportunity for owner-occupiers. Boasting a Unit Title, the property features 48sqm of floor area with a single bathroom and car park. Constructed with iron roofing and pre-cast concrete walls in excellent condition, the unit is part of The Workshops development, which is known for its 24-hour security, high fibre internet, and an on-site Building Manager. The property has seen a Capital Value (CV) of $400,000 as of June 2021, with a HouGarden AVM of $397,500. Notably, the latest sale history includes a sale price of $350,000 in September 2024 and $465,000 in October 2020, indicating a dynamic market. This unit is zoned for Business - Light Industry and is strategically located near SH1 on/off ramps, Sylvia Park, and Ellerslie Train Station.

From an investment perspective, the property has shown a significant growth potential with a substantial increase in CV over the years. The CV growth rate is a testament to the area's developing industrial and commercial significance. Moreover, the latest sale price reflects a competitive market for such properties in the vicinity.

For families, the property falls within the school zones of Baradene College (Decile 9), Stanhope Road School (Decile 4), and One Tree Hill College (Decile 3), ensuring access to quality education. This combination of location, property condition, and school networks makes it an attractive proposition for owner-occupiers seeking a sound investment with added lifestyle benefits.

Updated on November 06, 2024