83 Kitchener Road, Milford, Auckland - North Shore

Located at 83 Kitchener Road, Milford, Auckland - North Shore, this commercial property spans a floor area of 310 square meters on a 261 square meter land parcel. It is a freehold property, featuring mixed materials for wall construction and an iron roof, both in average condition. The property offers four car parks, catering to businesses with multiple vehicles. This property falls under the 'Commercial - Multiple/unknown' category, indicating its versatility and potential for various commercial uses.

From a financial perspective, the property has seen a significant increase in capital value, from $1,875,000 in July 2017 to $2,700,000 in June 2021, marking a 44% increase. The HouGarden AVM estimates its value at $2,655,000. Its sale history reveals a purchase for $2,100,000 on October 11, 2023, following a previous sale for $1,752,000 on December 2, 2015. This trajectory underscores the property's appreciating value and attractiveness to investors.

The property is ideally located within the zones for high-decile schools, including Westlake Boys' High School, Milford School (Auckland), Takapuna Normal Intermediate, Westlake Girls' High School, and Takapuna Grammar School, all boasting deciles of 9 or 10. This prime location enhances its desirability, offering an excellent opportunity for businesses looking to establish themselves in a prestigious and thriving educational district.