Nestled on the esteemed Porana Road of Wairau Valley, this Freehold property boasts a rare road frontage in a highly sought-after industrial area. Constructed in 1966 with brick walls and a fibrous cement roof, the building stands firm with average conditions. Spanning over 270 square meters of floor area and a vast 809 square meters of land, it offers 3 car parks and potential for significant value addition. The property's Capital Value has seen a staggering increase of 32.08% from $1,325,000 in 2017 to $1,750,000 as of June 2021. The HouGarden AVM estimates it at $1,760,000, while the latest sale history shows a transaction at $1,520,000 in August 2024, a significant leap from the $270,000 sale in 1989.
For families, the property falls within the zones of top-rated schools, including Sunnybrae Normal School with a decile of 7, Westlake Boys' and Girls' High Schools with a decile of 9 each, Takapuna Normal Intermediate, and Glenfield Intermediate School with a decile of 6. The location is not only prime for business but also for education.
Located in a quiet cul-de-sac, the property is surrounded by big names like PAK'nSAVE, Bunnings, and is just a short drive from Takapuna and Auckland CBD. This is a golden opportunity in Wairau Valley's property market, waiting to be seized.
Updated on September 11, 2024