161 Morrin Road, Saint Johns, Auckland

Located at 161 Morrin Road, Saint Johns, Auckland - City, this industrial property offers a unique blend of warehouse, showroom, office, and mezzanine storage areas across a floor area of 224sqm. With its construction dating back to 1970, the building features wood wall construction and an iron roof, both in mixed condition. This light manufacturing property operates under a Unit Title ownership, providing a versatile space for various business needs. Despite its industrial nature, the property does not include any land area and offers 5 car parks for convenient customer and vehicle access.

The property has seen a significant increase in its capital value, jumping from $830,000 in July 2017 to $1,525,000 by June 2021, marking an 83.73% increase. The HouGarden AVM estimates its value at $1,500,000. Its sale history reveals a purchase for $1,150,000 on November 23, 2023, showing a substantial growth from its previous sale price of $380,000 on March 12, 2013. This growth trajectory underscores the property's increasing value and potential for investors.

Education is a key aspect of this property's location, with nearby schools including Baradene College (Secondary, decile 9), Selwyn College (Secondary, decile 4), Stonefields School (Full Primary, decile 9), and Tamaki College (Secondary, decile 1). This diverse range of educational institutions, coupled with the property's strategic location near significant arterial routes and transport hubs, makes it an attractive proposition for businesses and investors alike.