18 Burleigh Street, Grafton, Auckland

Nestled on the city fringe of Grafton, Auckland, the property at 18 Burleigh Street boasts a versatile industrial building with significant potential. Constructed in 1982 with wood walls and an iron roof, both in good condition, this freehold property sits on a 549sqm lot. It features approximately 507sqm of floor area, a spacious warehouse with a clear span of 5.5m, two levels of office space, and is complemented by 7 car parks. The site is zoned for Business - Mixed Use, offering a strategic advantage in the sought-after Mt Eden area, close to the CRL station.

Boasting a capital value increase of 42.67% from $1,875,000 in July 2017 to $2,675,000 as of June 2021, the property's HouGarden AVM stands at $2,490,000. The latest sale history includes a transaction for $2,900,000 in May 2024 and $1,100,000 in December 2009, indicating a robust market value growth. This is a rare opportunity for owner-occupiers and investors looking to add value.

For families, the property falls within the decile 9 Auckland Grammar School zone, as well as the zones for Newmarket School (decile 7), Kowhai Intermediate School (decile 7), and Auckland Girls' Grammar School (decile 3), ensuring access to quality education.

Updated on May 22, 2024