3/1 Ashfield Road, Wairau Valley, Auckland - North Shore

Nestled in the heart of Wairau Valley, Auckland, is a prime industrial unit at 3/1 Ashfield Road. This 220sqm property, built in 1970 with concrete walls and an iron roof, is in average condition and offers 2 carparks. It boasts a cross-lease title, ensuring no body corporate fees. The property's government capital value has seen a 35% increase from $600,000 in 2017 to $810,000 in 2021. The HouGarden AVM estimates it at $805,000, while the latest sale was for $875,000 in 2024, a significant jump from the 1998 sale of $120,000.

For investors and owner-occupiers, this is a golden opportunity in a tightly held location, with potential for a variety of industrial uses. It is strategically located near the North Shore's urban areas, including the Takapuna CBD and North Harbour Industrial Estate, with easy access to the Tristram motorway network. The property falls within the decile 5 Glenfield Primary, decile 9 Westlake Boys' and Girls' High Schools, and decile 6 Glenfield Intermediate School zones.

Business owners seeking a well-regarded industrial space with excellent street appeal and proximity to top schools should pay attention to this rare offering.

Updated on November 20, 2024