22 Falkirk Street, Blockhouse Bay, Auckland

Nestled on a generous 615m2 section in the coveted mixed housing suburban zone of Blockhouse Bay, Auckland, this freehold property is a gem for investors. Constructed in 1961 with wood walls and an iron roof, it currently operates as a childcare center without residential bedrooms. The property boasts a floor area of 94m2, a single bathroom, and four car parks. The roof and walls are in average condition, offering a solid foundation for potential development. Notably, the capital value has surged by 43.1% from $980,000 in July 2017 to $1,400,000 as of June 2021. The HouGarden AVM estimates it at $1,342,500, while the latest sales were recorded at $545,000 in 2011 and $323,000 in 2006. This property is not just an investment opportunity; it's a chance to tap into a thriving community with highly esteemed schools like Blockhouse Bay Intermediate (decile 5), Chaucer School (decile 4), and Lynfield College (decile 6) in the zone.

With its prime location, close to Olympic Park, playgrounds, and the vibrant Blockhouse Bay Village, this property presents a golden opportunity for those looking to combine business prospects with significant development potential. Don't miss out on this rare offering in Blockhouse Bay – act now and secure your future investment.

Updated on October 21, 2024