Nestled at 287 Manukau Road, Epsom, Auckland, this versatile commercial property with a freehold title is a gem on a 900sqm corner site. Constructed in 1960 with wood exterior walls and an iron roof, it boasts an average condition throughout. The property features 3 bedrooms, 2 carparks, and a generous floor area of 393sqm. With a CV of $5.2 million as of June 2021, it has shown a remarkable growth rate of 16.85% since July 2017. This is a rare opportunity to occupy, reposition, or redevelop, with high exposure and potential for mixed-use development.
History shows a HouGarden AVM estimate of $5.07 million, and a latest sale record in 2003 for $1 million, indicating significant appreciation over time. The property is in a highly sought-after school zone, with Auckland Grammar, Auckland Normal Intermediate, Kohia Terrace School, Epsom Girls' Grammar School, and Baradene College - all decile 9 institutions - within easy reach.
Located in a prime educational district, this property is ideal for families seeking top-notch schooling options. The schools in the zone are known for their high decile ratings and offer education from primary to secondary levels. This combination of a solid investment opportunity and access to excellent education makes it a unique offering in the Auckland property market.
Updated on August 06, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 1 | 2 | 70m2 | 2024 12 18 | - | Council approved | |
 | 0.27 km | 2 | 1 | 0m2 | 2024 11 01 | $1,239,800 | Council approved | |
 | 0.24 km | 3 | 1 | 0m2 | 2024 10 01 | $1,525,000 | Council approved | |
 | 0.31 km | 3 | 1 | 0m2 | 2024 09 17 | - | Council approved | |
 | 0.29 km | 3 | 2 | 158m2 | 2024 09 12 | - | Council approved |