25 Crowhurst Street, Newmarket, Auckland

Located at 25 Crowhurst Street, Newmarket, Auckland - City, this commercial property boasts a prime location with a floor area of 1336 sqm and a land area of 1411 sqm. Built in 1964, the building features brick walls and an iron roof, both in average condition. It offers a freehold ownership type and accommodates 39 carparks, making it an ideal choice for businesses seeking ample parking space. The property is described as having an open plan office of 242sqm, with very reasonable rental rates and seven carparks available, alongside plenty of street parking on Melrose Street. Its accessibility to the motorway from Khyber Pass Road or Gillies Ave enhances its appeal for various uses such as offices, after-school classes, or a yoga room.

The property's capital value has seen a significant increase, from $9,000,000 on July 1, 2017, to $10,600,000 on June 1, 2021, marking a 17.78% growth. The latest sale records show a transaction at $10,500,000 on December 8, 2021, up from $5,580,000 on August 22, 2014. The HouGarden AVM estimates the property's value at $10,427,500, indicating its strong market presence and investment potential.

Located in a highly sought-after school zone, the property benefits from proximity to top-rated educational institutions. Auckland Grammar and Epsom Girls' Grammar School, both secondary schools with a decile rating of 9, along with Auckland Normal Intermediate (decile 9) and Newmarket School (decile 7), offer excellent educational opportunities, making this location even more desirable for businesses and investors alike.