8 Stock Street, New Lynn, Auckland - Waitakere

Nestled in the serene New Lynn suburb of Auckland, on 8 Stock Street, lies a prime industrial investment opportunity. This freehold property, built in 1970 with mixed materials and an iron roof, stands on a land area of 607m². The building, in good condition both inside and out, offers a floor area of 420m². Historically, the capital value has shown a rapid increase from $1,025,000 in 2017 to $1,400,000 as of June 2021, reflecting a growth rate of 36.59%. The property is leased to a long-standing tenant, Lovens Building Supplies Limited, on a 3x3x3 lease term, providing a stable return of $85,000 per annum + GST.

Valuations are impressive, with the HouGarden AVM estimating the property's worth at $1,305,000, while the latest sales in 2008 and 1996 were at $620,000 and $270,000 respectively. This indicates not only a consistent capital value growth but also a promising investment prospect. The property's strategic location offers easy access to State Highways 16 and 20, neighboring the Avondale and Rosebank Road industrial hubs.

For families, the property falls within the zones of esteemed schools such as Kelston Intermediate (Decile 2), Kelston Boys' High School (Decile 3), Kelston Girls' College (Decile 2), and New Lynn School (Decile 4), ensuring top-notch education for all ages.

Updated on May 17, 2024