17b Airborne Road, Rosedale, Auckland - North Shore

Nestled in the vibrant industrial heart of Albany, we present 17B Airborne Road, a freehold industrial property on a quiet cul-de-sac. Constructed in 1990 with robust concrete walls and iron roofing in good condition, this premise boasts a floor area of 380sqm on a land of 574sqm. It includes 9 designated carparks and a versatile layout that combines warehouse, mezzanine, office/showroom space. The capital value has seen a remarkable increase of 41.67% from $1.2M in 2017 to $1.7M as of 2021. The latest sale was recorded at $1.55M in 2024, closely matching the HouGarden AVM of $1.625M. This property is within the decile 10 Albany Senior High School zone and other well-rated educational institutions, making it an attractive investment for both investors and owner-occupiers.

With a holding income of $62,000 per annum net and a lease expiring in 2025, this fully sprinklered asset offers flexibility and potential. Zoned for light industrial use, it's strategically located near motorway links, enhancing its accessibility. This is a rare opportunity to own a 'small freehold' industrial property in a highly sought-after North Shore location. Whether it's for a strategic business base or a solid investment return, this property is not to be missed.

Educationally, the property falls within the catchment area of top-rated schools, including Albany Senior High School (Year 11-15, decile 10), Albany School (Contributing, decile 9), and Albany Junior High School (Year 7-10, decile 10), ensuring a quality education for the family.

Updated on April 10, 2024