358 West Coast Road, Glen Eden, Auckland - Waitakere

Located at 358 West Coast Road, Glen Eden, Auckland - Waitakere, this industrial service property stands as a significant opportunity for owner-occupiers, investors, and developers alike. The property boasts a total building area of 350m² on a freehold land parcel of 1,015m². Constructed in 1980 with mixed materials for the walls and an iron roof, both in good condition, this property is ready for immediate acquisition. The site, zoned for Neighbourhood Centre, offers building height flexibility up to three storeys, making it suitable for a variety of retail and commercial developments.

From a valuation perspective, the property has seen a remarkable capital value increase from $590,000 in July 2017 to $1,500,000 in June 2021, marking a 154.24% growth. The latest HouGarden AVM estimates the property's value at $1,475,000. Its sale history includes a transaction at $1,275,000 on October 19, 2023, and a previous sale at $420,000 on November 27, 2009.

In terms of education, the property falls within the zones for Bruce McLaren Intermediate School (decile 2), Prospect School (decile 2), and Henderson High School (decile 3), offering a range of options for families. This multi-purpose site, with its huge potential and strategic location, is a standout gem in Glen Eden's coveted Neighbourhood Centre zone.