4/115 Queen Street, Auckland Central, Auckland

Nestled at the heart of Auckland City on Queen Street, this 205m2 office space is a gem in the commercial real estate market. It boasts a Unit Title ownership, concrete walls in good condition, and a mixed-material roof, both maintaining a pristine state since its construction in 1980. With a recent refurbishment, the office now features a large open plan, an executive suite, or boardroom, complemented by full height glazed windows that let in ample natural light and offer stunning city views. The added convenience of direct lift access makes this property a prime choice for any business looking to establish themselves in the midst of the city's vibrant atmosphere.

From a financial perspective, the property's Capital Value (CV) has seen a steady increase, rising from $1,575,000 in July 2017 to $1,600,000 as of June 2021, indicating a growth rate of 1.587%. The HouGarden AVM estimates the property's value at $1,490,000, while the latest sale records show transactions at $1,525,000 in June 2024 and $1,680,000 in October 2016. These figures reflect the property's consistent appeal and investment potential.

For families, the property falls within the zones of several reputable schools. Western Springs College and Ponsonby Intermediate are both decile 8 and 9 respectively, while Freemans Bay School and Auckland Girls' Grammar School are rated at decile 6 and 3. This ensures a high standard of education is within easy reach for any family residing in this property.

Updated on June 26, 2024