204 Jervois Road, Ponsonby, Auckland

Nestled at 204 Jervois Road, Ponsonby, Auckland, this commercial property is a freehold establishment built in 1981 with concrete walls and a mixed-material roof, both in good condition. It offers a floor area of 829sqm and a land area of 491sqm, with 12 carparks. The property's Capital Value (CV) has seen a remarkable increase from $4,850,000 in 2017 to $7,800,000 as of June 2021, reflecting a growth rate of 60.82%. The HouGarden AVM estimates the property's value at $7,732,500, while the latest sales were recorded at $8,360,000 in 2020 and $7,000,000 in 2024.

For investors and tenants, the property's location in a prime school zone is a significant plus. Western Springs College, Bayfield School, Ponsonby Intermediate, and Auckland Girls' Grammar School are all within reach, with high decile ratings reflecting the quality of education in the area.

Available for lease from 1 August 2024, the 175sqm level 1 office space includes a large boardroom, two private offices, and an expansive open-plan workspace. It's a rare opportunity in the vibrant Herne Bay neighborhood, surrounded by upscale amenities and a bustling commercial scene.

Updated on November 20, 2024