Nestled in the serene cul-de-sac of Triton Drive, this E4/18 property in Rosedale, Auckland - North Shore, is a prime example of a sound investment. Constructed in 2005 with a mix of robust materials for the walls and iron for the roof, this commercial office space boasts a floor area of 220 sqm and comes with 4 carparks. Under the Unit Title ownership, it presents a wall and roof condition that is nothing short of good. The property's capital value has seen a rapid increase from $740,000 in July 2017 to $840,000 as of June 2021, marking a 13.5% growth. This is further supported by the HouGarden AVM of $842,500 and a latest sale record of $950,000 in July 2024.
With a proven track record, this property is not just about the numbers. It's about the consistency in returns with a 6-year initial lease term plus renewal options, currently yielding $72,000 per annum plus GST, with the tenant covering the operational expenses. The investment is located in a sought-after area with a high specification fit-out and a bank guarantee, making it an attractive opportunity for a 7% return on investment.
For families, the property falls within the decile 10 school zones of Murrays Bay Intermediate, Murrays Bay School, and Rangitoto College, ensuring top-notch education for all ages.
Updated on September 18, 2024
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.41 km | 3 | 2 | 0m2 | 2024 11 11 | - | Council approved | |
0.41 km | 3 | 1 | 98m2 | 2024 10 18 | $775,000 | Council approved | ||
 | 0.55 km | 3 | 1 | 94m2 | 2024 10 08 | $1,090,000 | Council approved | |
 | 0.41 km | 3 | 2 | 98m2 | 2024 10 04 | - | Council approved | |
 | 0.41 km | 2 | 1 | 72m2 | 2024 10 01 | $693,000 | Council approved |