9/71 Jellicoe Road, Panmure, Auckland

Located at 9/71 Jellicoe Road, Panmure, Auckland - City, this commercial retail unit is part of an exceptional 24-unit development, offering a floor area of 80m2. Constructed in 2020 with concrete walls and an iron roof, both in good condition, this property is categorized for retail use under a Unit Title ownership. Despite having no bedrooms or car parks, it includes one bathroom and is the smallest unit available, with sizes in the development ranging from 80-157m2.

The property has seen a capital value increase from $670,000 in July 2017 to $710,000 in June 2021, marking a growth of approximately 5.97%. The latest sale recorded was on February 8, 2024, for $710,000, following a previous sale at $735,000 on July 10, 2019. The HouGarden AVM estimates its value at $700,000. This retail unit is a prime opportunity for both owner-occupiers and investors, boasting exceptional road frontage, exposure, and 89 shared car parks. It was built by highly respected developers, with an expected completion date back in October 2019.

The property is zoned for several schools including Baradene College (Secondary, Year 7-15, decile 9), Tamaki College (Secondary, Year 9-15, decile 1), and Ruapotaka School (Full Primary, decile 1). This high-spec retail unit, ideal for retail/showroom use, is a rare find in a premium location, offering a significant opportunity for establishing a business or investment in Panmure.