Nestled in the esteemed Pavilion Drive of Mangere, Auckland, this industrial-warehousing property is a freehold establishment sitting on a vast land area of 3,648 square meters. The property, though with an unknown roof and wall construction, boasts of a modern design with high-quality office spaces and a functional yard. It features one bathroom and is devoid of parking spaces, making it an ideal facility for a business looking to expand in a dynamic location. Neighboring notable companies like Rinnai, Honda, and Giltrap Group, this property is not only strategically located but also presents a sound investment opportunity.
With a recent Capital Value (CV) of $5,250,000 as of June 2021, the property has shown a remarkable growth of 33.2% from its CV of $3,950,000 in July 2017. The HouGarden AVM estimates the property's value at $5,120,000, while the latest sale records indicate a sale price of $6,160,843 on June 30, 2024, and $3,020,000 on March 21, 2014, showcasing a steady increase in market value.
For families, the property falls within the decile 1 school zones of Mangere College, Mangere Central School, and Sir Douglas Bader Intermediate, ensuring access to quality education for all ages.
Updated on August 14, 2024