38/203 Kirkbride Road, Mangere, Auckland - Manukau

Nestled in the prestigious Kudos Business Park at 38/203 Kirkbride Road, Mangere, this 144m2 two-level unit boasts 2 double bedrooms, 2 studies/offices, and 2 open plan kitchens with living areas. Constructed in 2005 with a robust concrete exterior and iron roof, this Unit Title property includes 2 carparks and is situated in a thriving commercial hub minutes from Auckland International Airport. The capital value has seen a remarkable increase of 32.6% from $430,000 in 2017 to $570,000 as of June 2021. The HouGarden AVM estimates the property at $542,500, while the latest sale was recorded in 2015 for $400,833. The property falls within the decile 1 school zones of Mangere College, Mangere Central School, and Sir Douglas Bader Intermediate.

With a rental appraisal approximating $36,000 annually, this property presents a potential return of around 10.3% on investment. It's a unique opportunity to own a unit in a well-established business community, with the option to purchase one or six units. The property is sold on an 'as is where is' basis, offering potential for improvement to the discerning buyer.

For families, the property is within a highly sought-after school zone, with Mangere College, Mangere Central School, and Sir Douglas Bader Intermediate all rating in the top decile. This combination of prime location, investment potential, and access to quality education makes this property an attractive prospect.

Updated on October 21, 2024