1 Saunders Place, Avondale, Auckland

Nestled in the serene Saunders Place of Avondale, Auckland, this industrial gem with a Unit Title ownership is a promise of prime investment. Constructed in 1980 with sturdy wood walls and iron roofing, both in good condition, the property boasts a floor area of 551 square feet and comes with 2 car parks. The strategic location and versatile space make it an exclusive unit with a shared area, suitable for a variety of business needs, and currently housing an established tenant generating an annual return of $106,000 + GST.

As per the government’s valuation, the Capital Value (CV) has seen a significant increase from $1,200,000 in 2017 to $1,925,000 as of 2021, marking a growth of 60.42%. HouGarden AVM estimates the property’s worth at $1,907,500, while the latest sale on September 16, 2024, was at $1,570,000. This industrial unit stands out in the Heavy Industry zoned Rosebank precinct, known for its low vacancy rates and high demand.

For families, the property falls within the decile 2 Rosebank School and Avondale Intermediate, and the decile 4 Avondale College. This combination of investment potential and educational opportunities makes it an unbeatable choice for those seeking both financial growth and quality education for their children.

Updated on November 13, 2024