10 Pioneer Street, Henderson, Auckland - Waitakere

Nestled in the heart of Henderson, Auckland, 10 Pioneer Street stands as a promising commercial property, boasting a freehold status on a 563 sq m land. Constructed in 1981 with mixed materials for both the walls and roof, this well-maintained office complex features a total building area of 475 sq m with 11 car parks. The property has seen a significant Capital Value increase of 26.67% from $1,125,000 in 2017 to $1,425,000 as of June 2021, echoing the rising market confidence. The latest sale was recorded in 2005 for $700,000, while the current HouGarden AVM estimates the property's worth at $1,412,500.

With a long-term tenant occupying the first floor, generating a net annual income of $58,000, the building offers a split-risk investment opportunity. The ground floor remains vacant, ready to accommodate a new tenant or owner-operator. The property falls within the Business - Metropolitan Centre Zone, hinting at potential mixed-use development prospects. Its strategic location in the Henderson CBD, close to transport hubs, shopping malls, medical facilities, and entertainment venues, further enhances its appeal.

For families, the property is zoned for reputable schools such as Rutherford College, a secondary school with a decile rating of 5, and Rangeview Intermediate with a decile rating of 4. Other nearby schools include Henderson High School and Henderson School, ensuring a quality education for all ages.

Updated on November 08, 2024