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248 Great South Road, Greenlane, Auckland, 0 Bedrooms, 0 Bathrooms, Industrial Land
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Tender

248 Great South Road, Greenlane, Auckland

1012m2
1012m2

Rarely does an opportunity present itself to secure ownership of the ground lessor's (freehold) Interests in such a highly desirable location.

The team at JLL are proud to present this exceptional investment in the ground lessor’s interest located in the heart of bustling Newmarket and Remuera, as part of our 'Portfolio for the Generations' offering. 248 Great South Road presents an attractive & affordable 1,012sqm land parcel comprising a predominantly residential dwelling of approximately 266sqm with a large garage at the rear.

Key features include:

• 1,012sqm Freehold title

• Lessee Interest registered on title.

• 21 year lease to perpetuity with concurrent rent reviews

• Next Rent Review 2025

• Ret. $45,000 net pa

• Zoned Residential - Terrace Housing & Apartment Building

• Hands-off investment with 'little-to-no' CAPEX

• Tightly held location

• Double Grammar zoning

These properties form part of our overall 'Portfolio For the Generations' campaign.

For sale by Tender closing 4pm, Wednesday 20th March 2024. All offers are to be lodged at the JLL offices at Level 16, HSBC Tower, 188 Quay Street, 1010.

Contact the sole agent for more information:

Kevin Reardon - [email protected] / 021 028 838 25

Jonathan Lynch - [email protected] / 021 900 611

Jonathan Ogg - [email protected] / 021 909 951

Council Data

Last update : 2024 06 19
Improvement value$300,000Increased by 100% from year 2017
Land value$5,000,000Increased by 55% from year 2017
CV(Year 2021 Month 06)$5,300,000Increased by 57% from year 2017
View typeNo appreciable view
ContourLevel
Land area1012m²
Floor area266m²
Decade of construction1920
Title603226
Type of titleLeasehold
Legal descriptionLOT 20 DEEDS REG S116 1012M2
CouncilAuckland - City
Estate descriptionLEHD,1/1,LOT 20 DEEDS PLAN S.116,1012m2
ConstructionExternal Walls: Wood Roof: Iron
ConditionExternal Walls: Good Roof: Good
ZoningResidential - Terrace Housing and Apartment Building Zone

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:1012m²
Title:Leasehold
Zoning
Underground
Contour
State houses
Flood zone

Suburbs

Data analysis - Greenlane properties data
Greenlane property trend
Year
Median price
Growth
Sales count
2023
$207,500
18.6%
2
2021
$175,000
-65%
2
2017
$500,000
-
1

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
40 Tawera Road
0.21 km
4
2
-m2
Year 2024 Month 06 Day 11
$2,440,000
Council approved
0.43 km
4
111m2
Year 2024 Month 03 Day 05
$2,020,000
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3/5 Tahuri Road
0.40 km
3
2
150m2
Year 2024 Month 02 Day 27
$1,988,045
Council approved
0.29 km
4
159m2
Year 2024 Month 02 Day 01
$2,575,000
Council approved
9 Patey Street
0.33 km
3
1
153m2
Year 2024 Month 01 Day 31
$2,950,000
Council approved

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Last update:2024-06-13 09:51:10