Nestled in the vibrant heart of Wairau Valley at 5/33 Porana Road, this industrial service unit boasts a prime location and versatile layout. Constructed in 1980 with concrete walls and an iron roof, both in good condition, the property offers a floor area of 110sqm and comes with 2 car parks. It's titled under Unit Title, which adds to its allure for owner-occupiers. The property's Capital Value (CV) has seen a growth of 21.3% from $375,000 in 2017 to $455,000 as of June 2021, reflecting its increasing worth. The latest sales were recorded at $455,000 in 2022 and a notable $550,000 in 2024, showcasing a strong market demand.
Valued at $445,000 by HouGarden AVM, this unit presents a lucrative opportunity in a thriving commercial hub. The property falls within the catchment of esteemed schools, including Sunnybrae Normal School (Decile 7), Westlake Boys' and Girls' High Schools (both Decile 9), and Takapuna Normal Intermediate (Decile 9), ensuring quality education for the family.
With its sought-after address and solid investment potential, this is a perfect trade unit not to be missed.
Updated on August 21, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.48 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 01 | $900,000 | Council approved | |
 | 0.35 km | 3 | 2 | 120m2 | Year 2024 Month 10 Day 09 | $1,015,000 | Council approved | |
 | 0.47 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 01 | $1,456,000 | Council approved | |
 | 0.46 km | 2 | 1 | 90m2 | Year 2024 Month 09 Day 12 | - | Council approved | |
 | 0.48 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 01 | $935,000 | Council approved |