After more than 60 years, 10 Park Avenue in Grafton is now available for a new owner. This property offers a unique opportunity to become part of its history. Don't miss out on this rare opportunity.
This exceptional boarding house, boasting 22 rooms and situated on a spacious 770m2 Freehold site offers options for investors, occupiers, and developers. This property enjoys a strategic location nestled between Grafton Road, Auckland Domain, and Auckland University’s Grafton Campus.
Key Features:
-Strong Cash Flow: With a gross income of $225,420.00 per annum, this property offers a robust cash flow for investors.
-Significant Land Value: The underlying land value presents an array of opportunities for future development.
-Strategic Location: Centrally located among key arterial routes and landmarks such as Auckland Hospital, Auckland Domain, and Auckland University’s Grafton Campus.
-Victorian Charm: Housed within a well presented two-storeyed 1900s Victorian style building, showcasing ornate architectural featured.
-Zoning: Terrace Housing & Apartment Zone allowing for an array of potential uses
Situated amidst vital arterial routes and iconic landmarks including Auckland Hospital, Auckland Domain, and Auckland University’s Grafton Campus, this property offers unrivalled connectivity. Enhanced by superb public transport links, easy motorway access, and mere footsteps to the bustling city, Newmarket, and Parnell, it ensures unparalleled accessibility to urban essentials and vibrant locales.
Contact the sole agent today to arrange your viewing and obtain more information.
Features:
* Strong cash flow with a gross income of $225,420.00 per annum
* Significant land value presenting an array of opportunities for future development
* Strategic location centrally located among key arterial routes
* Well presented 1900s Victorian style building
* Residential - Terrace Housing & Apartment Buildings Zoning