896 New North Road, Mount Albert, Auckland

Nestled at 896 New North Road, Mount Albert, Auckland, this Freehold property is a charming blend of commercial and residential spaces. Constructed in 1920 with mixed materials for both the walls and roof, it boasts an average condition, housing 2 bedrooms, 1 bathroom, and a single car park. The 98 square meter floor area is complemented by a generous 104 square meter land area, providing ample space for the live/work opportunity it presents. Key highlights include excellent natural light, prime signage exposure, and a large display window, making it an ideal setup for any entrepreneur.

As per the property's financials, the Capital Value (CV) has seen a substantial increase from $590,000 in 2017 to $870,000 as of June 2021, reflecting a growth rate of 47.46%. The HouGarden AVM estimates the property's worth at $835,000, while the latest sale history shows transactions at $508,000 in 2024 and $485,000 in 2013. These figures indicate a promising investment opportunity in a thriving area.

For families, the property falls within the zones of Gladstone School (Decile 9), Mt Albert Grammar School (Decile 7), and Kowhai Intermediate School (Decile 7), ensuring access to quality education. This combination of prime location, versatile space, and educational benefits makes it a rare find in the property market.

Updated on October 09, 2024