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11 Princes Street, Otahuhu, Auckland City, Auckland, 0 Bedrooms, 0 Bathrooms, Industrial Buildings
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By negotiation

11 Princes Street, Otahuhu, Auckland City, Auckland

1287m2
675m2

A must-see with future development upside!

Rarely do you find a carefree investment that represents a low-risk position whilst providing the potential for future redevelopment. And all this at such a comparatively reasonable price! Our vendor is clear – he wants this sold. Do not make the mistake of not considering this property. Be bold and your fortune is assured.

• Established 50-room boarding house on a Business - Town Centre zoned site

• Strong demand, fully booked at 100% occupancy almost all the time

• A quality property, routine maintenance has been a feature of the ownership

• An excellent sitting manager of the last 12 years wants to stay on

• Returning approximately $260,000 net per annum

• Possibility of a double-digit yield

See this listing on Barfoot & Thompson

Council Data

Last update : 2024 07 17
Improvement value$2,625,000Increased by 38% from year 2017
Land value$850,000Increased by 11% from year 2017
CV(Year 2021 Month 06)$3,475,000Increased by 31% from year 2017
Land area675m²
Floor area1287m²
Decade of construction2002
TitleNA8D/589
Type of titleFreehold
Legal descriptionLOT 4 DP 22440
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 4 DEPOSITED PLAN 22440,675m2
Council rates$20,050.34 2023/2024
ConditionExternal Walls: Average Roof: Average
ZoningBusiness - Town Centre Zone

Property history

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Unitary plan:Business - Town Centre Zone
Land:675m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Princes Street Neighborhood and Surrounding Data

Suburbs

Data analysis - Otahuhu properties data
Otahuhu property trend
Year
Median price
Growth
Sales count
2024
$1,628,500
17.2%
2
2023
$1,390,000
55.7%
7
2022
$893,000
-43.3%
2
2021
$1,575,000
37%
10
2020
$1,150,000
-56.6%
5
2019
$2,650,000
133%
3
2018
$1,137,500
25%
4
2017
$910,000
29.5%
1
2016
$702,500
-29.3%
4
2015
$993,000
46.1%
10
2014
$679,500
-
10

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.18 km
2
1
60m2
Year 2024 Month 05 Day 04
$550,000
Council approved
5/28 Princes Street, Otahuhu
0.18 km
2
1
60m2
Year 2024 Month 05 Day 01
$380,000
Council approved
0.44 km
6
176m2
Year 2024 Month 03 Day 24
$997,000
Council approved
83 Church Street, Otahuhu
0.36 km
3
1
120m2
Year 2024 Month 02 Day 28
$935,000
Council approved
0.37 km
2
1
70m2
Year 2024 Month 02 Day 18
$525,000
Council approved

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Last update:2024-07-22 04:19:03