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25 Teed Street, Newmarket, Auckland, 0 Bedrooms, 0 Bathrooms, Office Premises

Sold: $23,150,000

Sold on 2024 Year 2024 Month 09 Day 09

25 Teed Street, Newmarket, Auckland

3993m2
2028m2

Nestled in the heart of Newmarket at 25 Teed Street, this exquisite commercial office space is a prime example of sophistication and functionality. Constructed in 1988 with robust concrete walls and an iron roof, both in good condition, the freehold property spans a floor area of approximately 3993 sqm and is set on a generous land area of 2028 sqm. It boasts ample parking with 94 carparks, and is available for lease. As of June 1, 2021, the capital value has soared to $26,500,000, marking a 20.45% increase from its $22,000,000 valuation in July 2017. The latest sales were recorded at $23,150,000 on September 9, 2024, and $27,700,000 on November 18, 2021, while the HouGarden AVM estimates the property at $25,402,500.

With a four-star green rating, the office space offers a spacious reception, a well-appointed kitchenette, and a versatile office environment complete with a large boardroom and smaller meeting rooms. Its central Newmarket location provides convenient access to transportation, shopping, and dining. education-wise, the property falls within the zones of esteemed institutions such as Auckland Grammar (Secondary, Decile 9), Newmarket School (Contributing, Decile 7), Auckland Normal Intermediate (Decile 9), and Epsom Girls' Grammar School (Secondary, Decile 9), ensuring top-notch education opportunities.

Don't miss the chance to secure this elegantly appointed office space in a sought-after area with an impressive CV growth and an exceptional school network.

Updated on October 23, 2024

Council Data

Last update : 2025 01 01
Improvement value$6,000,000Reduced by -27% from year 2017
Land value$20,500,000Increased by 49% from year 2017
CV(Year 2021 Month 06)$26,500,000Increased by 20% from year 2017
Land area2028m²
Floor area3993m²
Decade of construction1988
TitleNA65C/273
Type of titleFreehold
Legal descriptionLOT 1 DP 115150 2028M2
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 1 DEPOSITED PLAN 115150,2028m2
Council rates$14.56万
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningBusiness - Metropolitan Centre Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Newmarket School
0.23 km
Primary
1-6
Government
Co-Educational
EQI: 381
7
Auckland Grammar School
0.63 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9
Epsom Girls Grammar School
0.88 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 397
9
Auckland Normal Intermediate
2.03 km
Secondary
7-8
Government
Co-Educational
EQI: 374
9

Property history

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For developers

Unitary plan:Business - Metropolitan Centre Zone
Land:2028m²
Title:Freehold

Surrounding facilities

Teed Street Neighborhood and Surrounding Data

Mortgage

Sold nearby

Address
Distance
Bed
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Floor area
Sold date
Sold
Data source
0.22 km
2
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Year 2024 Month 11 Day 06
$520,000
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B618/176 Broadway, Newmarket
0.23 km
2
2
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Year 2024 Month 10 Day 01
-
Council approved
0.22 km
2
2
63m2
Year 2024 Month 09 Day 04
$520,000
Council approved

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