12 Mauku Road, Patumahoe, Auckland - Franklin

Nestled in the heart of Patumahoe, 12 Mauku Road presents a unique freehold property opportunity on an 809m² lot. Constructed in 1990 with concrete walls and iron roofing, this industrial-service category property is zoned for Business - Neighbourhood Centre use. It boasts a recently constructed two-level building at the forefront, with a concreted carpark for four and a combination of office spaces and multi-purpose areas downstairs, alongside three separate workshop/warehouse spaces at the rear. Currently, there are four tenants and one vacant workshop. The property's capital value has seen a 25% increase from $960,000 in 2017 to $1,200,000 as of 2021, with HouGarden AVM valuing it at $1,205,000. The latest sale was recorded on August 30, 2024, at the CV price. For investors and owner-occupiers, the property is strategically located, with significant growth anticipated in the area over the next three decades. It is served by Patumahoe Primary School with a decile rating of 8, Pukekohe Intermediate at 5, and Pukekohe High School at 6.

Since 2017, the capital value has risen by 25%, reflecting a promising investment prospect. The property's HouGarden AVM is a testament to its worth, and the latest sale price echoes the market confidence in this quiet cul-de-sac. With a poor condition roof and walls, there's potential for improvement and added value.

Educationally, the property falls within a desirable school zone. Patumahoe Primary School, an contributing school with a decile rating of 8, Pukekohe Intermediate at decile 5, and Pukekohe High School, a secondary school with a decile rating of 6, are all within easy reach, ensuring quality education for the family.

Updated on September 18, 2024