6/6 Ormiston Road, Otara, Auckland - Manukau

Nestled in the serene cul-de-sac of Ormiston Road, this industrial warehousing unit at 6/6 Ormiston Road, Otara, Auckland, is a prime example of versatile functionality. With a robust construction of iron roofing and mixed-material walls in good condition, it offers a spacious floor area of 375sqm, complemented by a generous allocation of six car parks. As a Unit Title property, it presents an attractive proposition for businesses looking for a Light Industrial base, strategically located with easy access to State Highway 1. The property has seen a capital value increase of 28.95% from $950,000 in 2017 to the current $1,225,000 as per the latest government valuation. The HouGarden AVM estimates the property's worth at $1,195,000, while the latest sales history shows transactions at $955,000 in 2021 and $1,280,000 in 2024, indicating a consistent growth trend.

For investors and owner-occupiers, the upcoming vacancy signals a golden opportunity in a community known for low vacancy rates. The property is zoned for the Tangaroa College (Decile 1) and Sancta Maria College (Decile 7), offering quality education options within the vicinity. This combination of location, potential for growth, and access to quality education makes it a stand-out choice in the market.

With vacant possession on offer and a clear path for future value appreciation, this property is not to be missed. Its prime features include electric roller door access, a favorable warehouse-to-office ratio, and a location that is second to none in the bustling industrial hub of East Tamaki.

Updated on August 07, 2024