Nestled in the heart of Mount Wellington, this prime industrial property at 132a Marua Road is a gem that's set to appreciate. Constructed in 1998 with robust concrete walls and an iron roof, both in good condition, the unit boasts a floor area of 332sqm. It's titled under the Unit Title system, offering a versatile industrial space with a corporate-grade office, workshop, and warehouse, along with 4 car parks. The site's road frontage provides excellent exposure in this highly sought after location, just 15 minutes from Auckland's CBD and close to main arterial routes and ports.
With a latest sale price of $1,300,000 in 2024 and a HouGarden AVM of $1,562,500, the property's capital value has shown a remarkable increase of 56.86% from $1,020,000 in 2017 to the current $1,600,000 as of June 2021. This is an opportunity not to be missed by investors and owner-occupiers alike.
For families, the property falls within the 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 a thriving industrial area and a desirable school network makes it a perfect blend of investment and community.
Updated on August 14, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.27 km | 3 | 2 | 100m2 | Year 2025 Month 02 Day 28 | - | Council approved | |
 | 0.12 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 01 | $732,000 | Council approved | |
 | 0.20 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 01 | $765,000 | Council approved | |
 | 0.30 km | 2 | 1 | -m2 | Year 2024 Month 12 Day 01 | $690,000 | Council approved | |
 | 0.30 km | 3 | 2 | 142m2 | Year 2024 Month 11 Day 05 | - | Council approved |