948 New North Road, Auckland

>>> From $400K + (negotiable) <<<

After 16 amazing years, the owner is offering this unique loft apartment for sale, as he is preparing to return to Europe. This is a rare opportunity to secure a Freehold Unit in one of Auckland’s most rapidly developing and high-demand areas. Perfect for cash buyers, investors, or those who want to live and work in the same space, this property combines an unique design, business potential, and future growth in a prime location.

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> Key Features<

Scandinavian-Style Loft Unit/Apartment >>FREEHOLD<<

This Freehold unit is a true gem, featuring high ceilings and an abundance of natural light. The open, airy feel creates a welcoming atmosphere, perfect for those who appreciate Scandinavian character style. With its versatile layout, this property offers the flexibility to easily create a second bedroom or a home office, making use of the space between the roof and ceiling with minimal investment. It's an ideal choice for anyone looking for a stylish yet practical living space.

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>Live/Work in One Place<

Perfect for Small Business Owners: The commercial-facing entrance offers great visibility, making it perfect for those who wish to run a business from home. Whether you’re a therapist, beauty professional, or even a barber or hairdresser, this space offers the perfect blend of work and home life.

>Separate Entry: The apartment features its own private entrance from the main street, offering the perfect access to welcome clients or guests.

>Airbnb-possibility: The apartment is estimated to earn $130 per night on Airbnb, providing an excellent income-generating opportunity. Whether you choose to live in the apartment or rent it out short-term, the location and space make it easy to generate a steady stream of income.

>Rental Appraisal: The rental appraisal is between $500-$550 per week, offering strong potential returns for investors looking for reliable income in a high-demand area.

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>High-Growth Location<

>Auckland’s Next Hotspot: Located in a rapidly developing area with increasing residential and commercial projects, this property is at the forefront of a growing neighborhood. As the area continues to evolve, the value of this property is set to increase, making it an excellent long-term investment.

>Convenience & Connectivity: The property is minutes away from a train station, offering easy access to the city and surrounding areas. With public transport right on your door step and key amenities within walking distance, this location offers convenience and connectivity for both work and leisure.

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>Future Expansion Potential<

>Adaptable Layout: The high ceilings provide an excellent opportunity for future expansion. If you need more space, it’s easy to create a second bedroom, a loft, or even expand the living area to suit your needs. This property offers the chance to grow alongside your needs.

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>Secure Carpark<

>Designated Parking: This property includes a designated a single carpark in a secure parking area with a security gate, providing peace of mind in a high-demand location.

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>Additional Details<

Body Corporate Fees: $7,000 per year (including insurance and contributions to the earthquake strengthening fund).

Earthquake Strengthening:A detailed engineering report has been completed, and this report, including cost estimates, is available for serious buyers. The percentage costs for this work are minimal for this unit. The work has a 35-year timeline, and future government policies may alter the mandatory strengthening requirements, especially in areas like Auckland with a lower earthquake risk.

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>Why This Property is a Great Opportunity for Cash Buyers<

For cash buyers, this unit/apartment offers an exceptional value in a high-growth area. With the ability to live, work, and generate income from the same space, it’s a unique opportunity for anyone looking for flexibility, style, and investment potential.

The unit/apartment’s character design, income-generating potential, and business possibilities make it an ideal choice for investors, entrepreneurs, and lifestyle buyers who are seeking an adaptable living space with the ability to grow and change with them.

Price & Viewing Information

This property is available for private sale, with the price negotiable starting from $400k. The Rateable Value (RV) is $530k, with an expected sale price between $495k - $570k. This is an incredible opportunity to secure a Freehold Unit in one of Auckland’s most promising locations.

Viewings by Appointment: To arrange a viewing or to request more details, please contact the owner directly at 021679980 or [email protected]. Viewings are available by appointment only, providing a personal and informative experience. - To book a viewing, contact the owner directly, or find out more... please visit the listing here: https://listed.co.nz/property/3864