11/375 Khyber Pass Road, Newmarket, Auckland

Located at 11/375 Khyber Pass Road, Newmarket, Auckland - City, this commercial retail property offers a unique investment opportunity. Constructed in 1995 with mixed materials for both the roof and walls, the building is in good condition. It features a spacious floor area of 226 sqm and comes with three carparks, making it ideal for businesses looking for ample space and accessibility. The property is under a Unit Title ownership type, catering specifically to retail use.

The capital value of this property has seen a significant increase, from $1,040,000 in July 2017 to $1,360,000 in June 2021, marking a 30.77% growth. The latest HouGarden AVM estimates its value at $1,337,500. Recent sales data shows a transaction at $1,350,000 on November 28, 2023, following a sale at $1,300,000 on July 20, 2022, indicating a steady appreciation in value and interest in this prime location.

This property is situated within excellent school zones, including Auckland Grammar and Epsom Girls' Grammar School, both with a decile rating of 9, Auckland Normal Intermediate also with a decile of 9, and Newmarket School with a decile of 7. These highly rated educational institutions enhance the property's appeal to a wide range of potential buyers, making it a lucrative investment opportunity.