Nestled in the heart of Auckland City, this 62sqm commercial property, with a Unit Title, boasts 2 bedrooms and 1 bathroom. Constructed in 2000, the building features concrete walls and a mixed-material roof, both in good condition. As an investment, it's a cash cow, currently leased to a reputable hotel operator with a secure 5+5+5 lease, offering a substantial annual return of $51,852 + GST with CPI reviews. The property's Capital Value (CV) has seen a growth of 11.11% from $360,000 in 2017 to $400,000 as of 2021. HouGarden AVM estimates the property's value at $402,500, while the latest sale in 2011 was for $380,000.
With a prime location in the legal district, adjacent to Auckland University and within walking distance to city landmarks like The Pullman Hotel, the property is a gem. It's zoned for Western Springs College (Decile 8), Ponsonby Intermediate (Decile 9), Freemans Bay School (Decile 6), and Auckland Girls' Grammar School (Decile 3), making it an attractive option for families.
With ongoing development in the vicinity, this property is not just an investment but a promise of further growth and benefit.
Updated on September 30, 2024
ਗਲੀ ਪਤਾ | ਦੂਰੀ | ਕਮਰੇ ਦੀ ਗਿਣਤੀ | ਬਾਥਰੂਮ ਦੀ ਗਿਣਤੀ | ਇਮਾਰਤ ਖੇਤਰ | ਵਿਕਰੀ ਸਮਾਂ | ਵਿਕਰੀ ਕੀਮਤ | ਡਾਟਾ ਸਰੋਤ | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 1 | 1 | -m2 | 2024 ਸਾਲ 12 ਮਹੀਨਾ 19 ਦਿਨ | - | Council approved | |
 | 0.00 km | 2 | 1 | -m2 | 2024 ਸਾਲ 12 ਮਹੀਨਾ 13 ਦਿਨ | - | Council approved | |
0.09 km | 1 | 1 | 70m2 | 2024 ਸਾਲ 12 ਮਹੀਨਾ 10 ਦਿਨ | $725,000 | Council approved | ||
0.03 km | 1 | 1 | 27m2 | 2024 ਸਾਲ 11 ਮਹੀਨਾ 27 ਦਿਨ | $84,000 | Council approved | ||
 | 0.00 km | 1 | 1 | -m2 | 2024 ਸਾਲ 11 ਮਹੀਨਾ 02 ਦਿਨ | $215,000 | Council approved |