27 Surrey Crescent, Grey Lynn, Auckland

Nestled at 27 Surrey Crescent, Grey Lynn, Auckland, this versatile industrial-warehousing property is a rare find on the city fringe. Built in 1970 with concrete walls and an iron roof, it sits on a freehold land of approximately 429sqm. The 225sqm building boasts ample parking for 8 cars and is zoned for Business - Mixed Use, allowing for potential residential and commercial development up to 18m high. The property has seen a 21.43% increase in Capital Value from $2,100,000 in 2017 to $2,550,000 as of 2021, with a HouGarden AVM of $2,372,500 and a latest sale price of $2,628,800 in 2024. The warehouse is in a well-regarded school zone, with Pasadena Intermediate and Western Springs College both scoring a decile of 8, Grey Lynn School at 9, and Ponsonby Intermediate and Auckland Girls' Grammar School also in close proximity.

With its sought-after location, functional potential, and growth in capital value, this property presents a unique opportunity for owner-occupiers, investors, and developers. It's a high-calibre chance that's not to be missed, strategically positioned near West Lynn Village, the CBD, and with excellent motorway access.

Educationally, the property is within a highly-rated school network. The nearby schools, including Pasadena Intermediate and Western Springs College, offer a quality education with a decile rating of 8. Grey Lynn School stands out with a decile of 9, while Auckland Girls' Grammar School provides an additional option for secondary education.

Updated on May 29, 2024