116 Princes Street, Onehunga, Auckland

Nestled at 116 Princes Street, Onehunga, Auckland, this industrial-light manufacturing property is set on a freehold site, constructed in 1972 with concrete walls and an iron roof, both in average condition. Spanning across 628 square feet of floor area and 1113 square meters of land, it presents a prime opportunity for investors, given its capital value growth of 50% from $1,100,000 in 2017 to $1,650,000 as of June 2021. The property's HouGarden AVM is valued at $1,532,500, with the latest sale recorded at $1,910,000 in May 2024, a significant increase from the sale in 1990 at $292,500.

With no specified number of bedrooms or bathrooms, and no carparks mentioned, this property's allure lies in its potential and location. The government's CV increase and the latest sale history reflect a promising investment prospect in a rapidly appreciating area.

For families, the property falls within the zones of several schools, including Baradene College, a secondary school with a decile rating of 9, Royal Oak Intermediate School with a decile rating of 2, Onehunga High School with a decile rating of 3, Onehunga Primary School with a decile rating of 4, and Te Papapa School with a decile rating of 2, ensuring a variety of educational options for children of different ages.

Updated on June 19, 2024