Nestled in the heart of Waiuku, Auckland - Franklin, at 14 Constable Road, lies a light manufacturing industrial property on a freehold title. Constructed in 1960 with concrete walls and an iron roof, both in average condition, this property boasts a 659 square meter floor area within a vast 4,401 square meter land. The property has seen a significant increase in Capital Value (CV), rising from $1,100,000 in 2017 to $1,425,000 as of June 2021, indicating a growth rate of 29.55%. The latest sale records show transactions at $1,380,000 in 2023 and $646,958 in 2015, while the HouGarden AVM estimates the property at $1,412,500.
For families, the property falls within the zones of Sandspit Road School, a Full Primary with a decile rating of 6, Waiuku College, a Secondary school catering to Year 9-15 with a decile rating of 6, and Waiuku Primary School, a Full Primary with a decile rating of 5. This offers a range of educational options for children of different ages.
With its versatile zoning, allowing for mixed-use including residential and commercial activities, and potential for development up to four storeys high, this property presents a compelling opportunity for investors, developers, and owner-occupiers alike.
Updated on November 29, 2024