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2 Pacific Rise, Mount Wellington, Auckland, 0 Bedrooms, 0 Bathrooms, Office Premises

Sold: $16,000,000

Sold on 2024 Year 2024 Month 07 Day 31

2 Pacific Rise, Mount Wellington, Auckland

2756m2
4798m2

Nestled at 2 Pacific Rise, Mount Wellington, Auckland, this commercial office space boasts a freehold title on a generous land area of 4798 square meters. Constructed in 1992 with wood exterior walls and a mixed-material roof, the property is in good condition both inside and out. It offers a vast floor area of 2756 square meters and ample parking with 44 carparks.

Since 2017, the capital value has seen a steady increase, reaching $14,500,000 as of June 2021, marking a growth of 9.43%. The HouGarden AVM estimates the property's worth at $14,147,500. Notably, the latest sale history includes a significant transaction of $16,000,000 in July 2024, following a previous sale of $8,200,000 in February 2008.

For families, the property falls within the school zones of Baradene College, a secondary school with a decile rating of 9, and Te Papapa School, a contributing school with a decile rating of 2.

Updated on August 14, 2024

Council Data

Last update : 2024 12 11
Improvement value$8,100,000Reduced by -11% from year 2017
Land value$6,400,000Increased by 58% from year 2017
CV(Year 2021 Month 06)$14,500,000Increased by 9% from year 2017
Land area4798m²
Floor area2756m²
Decade of construction1992
TitleNA88B/661
Type of titleFreehold
Legal descriptionLOT 2 DP 148654
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 148654,4798m2
Council rates$71,588.77
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningBusiness - Business Park Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Te Papapa School
3.51 km
Primary
1-6
Government
Co-Educational
EQI: 513
2
Baradene College
7.04 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 372
9

Property history

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For developers

Unitary plan:Business - Business Park Zone
Land:4798m²
Title:Freehold

Surrounding facilities

Pacific Rise Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
5/25 Aranui Road, Mount Wellington
0.73 km
1
1
60m2
Year 2024 Month 10 Day 21
$500,000
Council approved
0.77 km
3
130m2
Year 2024 Month 09 Day 11
$950,000
Council approved
0.77 km
3
118m2
Year 2024 Month 06 Day 29
$770,000
Council approved
0.77 km
3
121m2
Year 2024 Month 06 Day 21
$770,000
Council approved
0.77 km
3
123m2
Year 2024 Month 06 Day 21
$818,000
Council approved

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