Located at 11/375 Khyber Pass Road, Newmarket, Auckland - City, this commercial retail property offers a unique investment opportunity. Constructed in 1995 with mixed materials for both the roof and walls, the building is in good condition. It features a spacious floor area of 226 sqm and comes with three carparks, making it ideal for businesses looking for ample space and accessibility. The property is under a Unit Title ownership type, catering specifically to retail use.
The capital value of this property has seen a significant increase, from $1,040,000 in July 2017 to $1,360,000 in June 2021, marking a 30.77% growth. The latest HouGarden AVM estimates its value at $1,337,500. Recent sales data shows a transaction at $1,350,000 on November 28, 2023, following a sale at $1,300,000 on July 20, 2022, indicating a steady appreciation in value and interest in this prime location.
This property is situated within excellent school zones, including Auckland Grammar and Epsom Girls' Grammar School, both with a decile rating of 9, Auckland Normal Intermediate also with a decile of 9, and Newmarket School with a decile of 7. These highly rated educational institutions enhance the property's appeal to a wide range of potential buyers, making it a lucrative investment opportunity.
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
---|---|---|---|---|---|---|---|---|
Newmarket School | 0.41 km | Primary | 1-6 | Government | Co-Educational | EQI: 381 | 7 | |
Auckland Grammar School | 0.45 km | Secondary | 9-15 | Government | Single Sex-Boys | EQI: 385 | 9 | |
Epsom Girls Grammar School | 1.15 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 397 | 9 | |
Auckland Normal Intermediate | 2.14 km | Secondary | 7-8 | Government | Co-Educational | EQI: 374 | 9 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
---|---|---|---|---|---|---|---|---|
0.23 km | 4 | 2 | 140m2 | Year 2024 Month 05 Day 29 | $1,670,000 | Council approved | ||
0.17 km | 2 | 2 | 63m2 | Year 2024 Month 03 Day 01 | - | Council approved | ||
0.35 km | 3 | 190m2 | Year 2024 Month 02 Day 28 | $2,575,000 | Council approved | |||
0.17 km | 1 | 1 | 57m2 | Year 2024 Month 02 Day 07 | $750,000 | Council approved | ||
0.06 km | 1 | 1 | 45m2 | Year 2023 Month 12 Day 25 | $565,000 | Council approved |