1/113 Pavilion Drive, Mangere, Auckland - Manukau

Nestled in the core of Auckland Airport's industrial hub, this A-grade industrial gem is a prime investment opportunity. The property, with a Unit Title, boasts a robust structure, featuring mixed materials for the walls and an iron roof, both in good condition. Constructed in 2007, it offers a vast floor area of 1,385 square meters and ample parking for 26 cars. The recent renewal of a 6-year lease to a well-established tenant, with a net return of $295,000 per annum plus GST, ensures a stable income stream with potential for growth.

With a current Capital Value (CV) of $4,000,000 as of June 2021, the property has shown a remarkable CV increase of 36.75% since July 2017. The HouGarden AVM estimates the property's value at $3,895,000, while the latest sales history shows a sale price of $5,100,000 in June 2024 and $2,160,000 in June 2015, indicating a strong market trend.

For families, the property falls within the zones of Mangere College (Secondary, Decile 1), Mangere Central School (Full Primary, Decile 1), and Sir Douglas Bader Intermediate (Intermediate, Decile 1), providing a comprehensive educational network for children of all ages.

Updated on August 01, 2024