36/203 Kirkbride Road, Mangere, Auckland - Manukau

Nestled in the prestigious Kudos Business Park at 36/203 Kirkbride Road, Mangere, this 144m2 two-level unit boasts 2 double bedrooms, 2 studies/offices, and 2 open plan kitchens with living areas. Constructed in 2005 with a robust concrete exterior and iron roof, this Unit Title property includes 2 carparks and is situated in a thriving commercial hub minutes from Auckland International Airport. The capital value has seen a rapid increase from $430,000 in 2017 to $570,000 as of June 2021, reflecting a growth rate of 32.56%. The HouGarden AVM estimates the property's worth at $542,500, while the latest sale in 2015 was for $400,833. The property falls within the decile 1 school zones of Mangere College, Mangere Central School, and Sir Douglas Bader Intermediate.

With a rental appraisal of approximately $36,000 annually, this property offers a potential return of around 10.3% on investment. It is a unique opportunity to own a unit in a prime location, with the option to purchase one or six units. The property is sold 'as is where is', and may require some tidying or renovations. This is an urgent sale requested by the overseas vendor, and all offers will be presented promptly.

For families, the property is within a highly regarded school network. Mangere College, a secondary school for years 9-15, along with Mangere Central School, a full primary, and Sir Douglas Bader Intermediate, all offer quality education and fall within the decile 1 category, indicating a strong educational community in the area.

Updated on October 21, 2024