204/79 Airedale Street, Auckland Central, Auckland

Nestled in the heart of Auckland Central, at 204/79 Airedale Street, lies a versatile commercial property perfect for businesses and investors. This 10 sqm office space, with 1 bedroom and 1 bathroom, boasts a Unit Title ownership and is complemented by 6 secure car parks, 50 storage lockers, and the potential for 30 sqm of future retail space. Constructed with concrete walls and a mixed-material roof, this 2024-built property is in good condition both inside and out. The property's Capital Value (CV) stands at $690,000, with a HouGarden AVM estimate of $660,000, indicating a promising growth trajectory. This is an opportunity not to be missed, especially with the upcoming Auckland Transport review expected to increase parking values in the area.

Historically, the property has shown a steady increase in CV, reflecting a strong investment potential. The recent sale history and the auction reserve of $295,000 plus GST highlight the affordability and the potential for immediate returns. This final vendor liquidation presents a rare chance to secure a property in a high-demand area with excellent growth prospects.

For families or those considering the property's educational benefits, the location falls within a highly sought-after school zone. The proximity to AUT, The University of Auckland, and well-rated schools ensures a high standard of education for all ages. Whether you're looking for a sound investment, a central business location, or a home in a prime school zone, this property offers it all.

Updated on October 22, 2024