371 Dominion Road, Mount Eden, Auckland

Nestled on a large freehold site of 974sqm in the prestigious Mt Eden area, this mixed-materials constructed property at 371 Dominion Road boasts a versatile commercial-retail use with a favorable seismic rating. Built in 1980, the property features well-maintained walls and roof, with a floor area of 581sqm. It's currently tenanted, generating an income of circa $183,841 + GST annually. Notably, the capital value has seen a growth of 9.21% from $3.8 million in 2017 to $4.15 million as of 2021. The HouGarden AVM estimates the property's worth at $3.9775 million, while the latest sale history shows transactions at $3.2 million in 2024 and $3.85 million in 2016. This corner location is zoned for several high-performing schools, including the decile 10 Mt Eden Normal School and the decile 9 Epsom Girls' Grammar School, making it an attractive investment for families and educators alike.

With a strategic placement opposite the consented New World development, this property presents a golden opportunity for investors, land bankers, and developers seeking a solid income stream and potential for future growth in a tightly held market.

For educational facilities, the property falls within the zones of highly regarded schools such as Mt Eden Normal School, known for its contributing status and decile 10 rating, and Epsom Girls' Grammar School, a secondary institution with a decile 9 rating, ensuring access to quality education for the community.

Updated on October 09, 2024