1 Southgate Place, Henderson, Auckland - Waitakere

Nestled in the tranquil cul-de-sac of 1 Southgate Place, Henderson, Auckland, this industrial-warehousing gem boasts a 689 sqm freehold title. Constructed in 1974 with robust concrete walls and an iron roof in good condition, the property spans a floor area of 410 sqm. The capital value has seen a rapid increase, jumping from $730,000 in July 2017 to $1,475,000 as of June 2021, reflecting a growth rate of 102.05%. Currently tenanted, the property generates a net annual income of $87,470, with a lease in place until May 2026, offering a further 2-year renewal option.

Valuation history shows a promising trend, with the HouGarden AVM estimating the property's worth at $1,485,000. The latest sale records from September 2024 indicate a transaction at the CV price of $1,475,000, following a previous sale in July 2022 for $1,300,000. This indicates a healthy appreciation in the property's market value.

For families, the property falls within the zones of the well-regarded Bruce McLaren Intermediate School (Decile 2), Henderson High School (Decile 3), and Henderson South School (Decile 2), ensuring access to quality education.

Updated on October 02, 2024