13 Shore Road, Remuera, Auckland

Nestled on the fringe of the bustling city, 13 Shore Road, Remuera, Auckland, stands as a testament to freehold elegance. This commercial property, built in 2006 with concrete walls and a mixed-material roof, is in a good condition both inside and out. It boasts a floor area of 191sqm on a land of 174sqm, with a carpark, and is currently fully leased, generating a diversified return of $94,800pa. The property's Capital Value has remained stable at $1,600,000 since 2017, with a zero increase percentage, while HouGarden's AVM estimates it at $1,562,500. The latest sale history shows a significant jump from $575,000 in 2006 to $1,660,000 in 2024, indicating a promising investment opportunity.

From a valuation perspective, this property is located in a high-profile corner site, enjoying a prime position in an affluent residential area. The stable tenant base and the potential for future residential conversion on the top floor, which overlooks Thomas Bloodworth Park and Hobson Bay, make it a compelling investment. Not to mention, the property benefits from vehicle access off Seaview Road and boasts a favorable seismic rating, ensuring safety and convenience.

For families, the educational highlights are not to be overlooked. The property falls within the zones of Auckland Grammar (Decile 9), Victoria Avenue School (Decile 10), Epsom Girls' Grammar School (Decile 9), Baradene College (Decile 9), and Remuera Intermediate (Decile 8), offering a comprehensive and high-quality education network for children of all ages.

Updated on August 14, 2024