7 Severn Street, Grafton, Auckland

Located at 7 Severn Street, Grafton, Auckland - City, this industrial property presents a unique opportunity. It features a floor area of 562 sqm on a freehold land area of 766 sqm. Built in 1965, the building has wood wall construction and an iron roof, both in average condition. This property, categorized under 'Industrial - Multiple/other', offers 12 carparks, catering to businesses with significant parking needs.

The property has seen a notable increase in capital value, rising from $2,825,000 in July 2017 to $3,600,000 in June 2021, marking a 27.43% growth. The HouGarden AVM estimates its value at $3,542,500. The latest sale on January 18, 2024, was recorded at $1,902,800. This property not only promises a solid investment but also a unique and very affordable space for businesses, featuring a 310 sqm character space with high stud, polished dark wooden floors, and ample natural light.

It falls within excellent school zones including Auckland Grammar and Epsom Girls' Grammar School, both with a decile rating of 9, Newmarket School and Kowhai Intermediate School with a decile of 7, and Auckland Girls' Grammar School with a decile of 3. These educational institutions offer high-quality learning environments from intermediate to secondary levels.