7 Mountjoy Place, Onehunga, Auckland

Located at 7 Mountjoy Place, Onehunga, Auckland - City, this industrial property is a prime example of light manufacturing real estate. The property, built in 1976, features concrete walls and an iron roof, both in average condition. It boasts a substantial floor area of 497m² and sits on a freehold land parcel of 680m². Notably, the property includes two secure yards, front and rear, and facilitates access for containers with its two roller doors. This property, with no bedrooms, bathrooms, and zero car parks, is specifically designed to cater to industrial needs.

Since its last sale in 2013 for $532,000, the property has seen a significant increase in its capital value, reaching $1,360,000 by June 2021, marking a 60% growth. This growth is underscored by its HouGarden AVM of $1,305,000. The property's strategic location in the Onehunga industrial belt and its zoning for light industry use underscore its potential for commercial investors and occupiers seeking a presence in Onehunga.

The property is zoned within the vicinity of several educational institutions, including Baradene College with a decile rating of 9, Royal Oak Intermediate School and Te Papapa School both with a decile rating of 2, and Onehunga High School with a decile rating of 3. These schools cater to a range of educational needs from intermediate to secondary levels, making the area suitable for a diverse community.

Updated on April 04, 2024.