197 Great South Road, Takanini, Auckland - Papakura

Nestled at 197 Great South Road, Takanini, Auckland, this Freehold property is a prime industrial site with significant potential. Constructed in 1970 with mixed materials for the walls and iron for the roof, it boasts a floor area of 1379 square meters on a vast land of 2661 square meters. The property has an impressive road frontage of 40 meters and is adjacent to the renowned Fonterra. Historically, it has been a lucrative investment for the current owners, who have held it for approximately 40 years. The site, with its 11 commercial units, offers versatility for new owners, whether for redevelopment, subdivision, or long-term investment. Notably, the Capital Value (CV) has seen a growth of 46.15% from $2,600,000 in 2017 to $3,800,000 as of June 2021. The HouGarden AVM estimates the property's value at $3,770,000, while the latest sales were recorded in 1985 for $67,000 and in 1983 for $46,000.

For families, the property falls within the zones of esteemed schools. Rosehill Intermediate has a decile rating of 3, Rosehill College a rating of 5, and Conifer Grove School a rating of 4. This combination of location, potential for growth, and access to quality education makes it an attractive package.

With its average wall and roof conditions, this property presents a secure and high-profile opportunity in a thriving commercial area, close to State Highway 1, Takanini Train Station, and various retail centers. It's a chance to secure a prime location with multiple options for the discerning investor.

Updated on November 21, 2024