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Nestled in the vibrant suburb of Otahuhu, Auckland, this impressive dual-site property on 6 Atkinson Avenue boasts a generous 857sqm of land area with a floor space of 340sqm. Constructed in 1970 with concrete walls and tiled roof, this freehold property is designed as Residential - Rental flats (purpose built), encompassing 20 bedrooms across 12 units. The property has seen a substantial CV increase of 35.71% from $1,750,000 in 2017 to $2,375,000 as of June 2021, reflecting its investment potential. The latest sale records date back to 2002, highlighting a growth trajectory.
With a HouGarden AVM valuation of $2,170,000, this fully tenanted property presents a stable income stream with the added benefit of potential rent reviews. The site's Business - Mixed Use zoning allows for a variety of development opportunities. Otahuhu College, a secondary school with a decile rating of 1, is in the vicinity, adding to the property's appeal for families.
Centrally located, the property is close to transport links and amenities, ensuring convenience for tenants. This is a unique opportunity to acquire a high-yielding investment with significant scope for future development in a sought-after school zone.
Updated on December 13, 2024
adresse | distance | nombre de chambres | nombre de salles de bain | superficie du bâtiment | date de vente | prix de vente | source de données | |
|---|---|---|---|---|---|---|---|---|
 | 0.37 km | 3 | 1 | 170m2 | 2024 11 05 | - | Council approved | |
 | 0.29 km | 4 | 3 | 158m2 | 2024 10 14 | $865,000 | Council approved | |
 | 0.45 km | 4 | 2 | 150m2 | 2024 09 24 | $1,055,000 | Council approved | |
 | 0.48 km | 6 | 6 | -m2 | 2024 09 01 | $1,500,000 | Council approved | |
0.43 km | 3 | 2 | 118m2 | 2024 09 01 | $721,740 | Council approved |