305d Neilson Street, Onehunga, Auckland

Located at 305d Neilson Street, Onehunga, Auckland - City, this industrial property, classified as 'Industrial - Noxious or dangerous', spans a floor area of 3381m². Constructed in 1970 with brick walls and mixed materials for the roof, both in average condition, it operates under a Unit Title ownership. Despite its heavy industrial zoning and lack of residential features such as bedrooms or bathrooms, it compensates with ample on-site parking, making it an ideal space for businesses requiring substantial warehousing and office space. The property's strategic location offers excellent accessibility to major motorways, enhancing its appeal for operations demanding efficient transportation and accessibility.

From a financial perspective, the property has seen a significant increase in capital value, from $4,500,000 on July 1, 2017, to $7,200,000 on June 1, 2021, marking a 60% growth. The latest sale recorded on December 1, 2023, was at $4,800,000, a substantial increase from its $960,000 sale on October 22, 1992. The HouGarden AVM estimates its value at $7,080,000, indicating its potential as a cost-effective investment in Auckland's competitive industrial market.

The property is well-positioned within the school zones of Baradene College (Secondary, decile 9), Te Papapa School (Contributing, decile 2), and One Tree Hill College (Secondary, decile 3), offering educational advantages for employees and stakeholders with families. This combination of strategic location, significant capital value growth, and educational accessibility makes 305d Neilson Street a compelling option for tenants and owner-occupiers seeking a new location for their operations.