6 Maidstone Street, Grey Lynn, Auckland

Nestled in the prestigious Grey Lynn neighborhood, 6 Maidstone Street stands as a prime freehold property on a quiet cul-de-sac. This versatile commercial-residential complex, built in 1980 with concrete walls and iron roofing, offers 3 bedrooms, a spacious floor area of 470sqm, and a generous land size of 368sqm. The property boasts 4 carparks and a well-lit warehouse suitable for a variety of uses, complemented by a residential space with expansive views of the Waitakare Ranges. Since 2017, the Capital Value (CV) has seen a rapid increase of 23.36%, reaching $3,300,000 as of June 2021. The HouGarden AVM estimates the property at $3,220,000, while the latest sales in 2018 and 2015 were at $3,088,000 and $2,480,000 respectively.

Educationally, the property falls within the decile 8 Pasadena Intermediate and Western Springs College zones, and is also in proximity to Newton Central School (decile 7), Kowhai Intermediate School (decile 7), and Auckland Girls' Grammar School (decile 3), making it an ideal investment for families.

With potential for further development under the Unitary Plan's height overlay, allowing for construction up to 27m, this property presents a golden opportunity for investors, tenants, and owner-occupiers alike.

Updated on August 20, 2024