5 Greenmount Drive, East Tamaki, Auckland - Manukau

Nestled in the heart of East Tamaki, this Freehold property on 5 Greenmount Drive boasts a robust Iron roof and Concrete walls, echoing the sturdy construction of its 1970 era. Spanning an area of 3995 sqm, with a generous floor space of 2645 sqm, it offers not just ample parking for 10 cars but also a prime industrial real estate in a Light manufacturing category. The property's Capital Value (CV) has seen a remarkable increase of 37.28% from $4,225,000 in 2017 to $5,800,000 as of June 2021, closely mirroring the HouGarden AVM estimate of $5,660,000. The latest sale history is a testament to its value, jumping from $4,050,000 in 2017 to $6,500,000 in 2024.

For investors and businesses, the location is strategically connected to major routes via Harris Rd, Ti Rakau Drive, and is in close proximity to Highbrook and SH1. The warehouse, with its practical split of 15% office space and 85% warehouse, presents an affordable and versatile option in a Heavy Industrial zone. Key features include secure fencing and a well-appointed yard, making it an attractive prospect for industrial ventures.

When it comes to education, the property falls within the zones of highly regarded schools such as Star of the Sea School (Howick) with a decile rating of 9, Sancta Maria College at 7, Edgewater College at 2, and Howick Intermediate at 4. This ensures a quality education network for families considering this property as their base.

Updated on August 14, 2024