Nestled in the vibrant Grey Lynn area, this versatile freehold property at 194 Great North Road, Auckland, is a gem for investors and developers alike. The two-level standalone building, constructed in 1960 with concrete walls and an iron roof, offers 820 square feet of floor area on a 419sqm site. Currently zoned for Business - Mixed Use, the property presents a unique opportunity with flexible lease terms in place. Notably, the capital value has surged by 49.53% from $2,675,000 in 2017 to $4,000,000 as of June 2021, showcasing a promising investment growth trajectory. The latest sale in June 2024 was at $2,460,000, while the HouGarden AVM estimates the property's worth at $3,895,000.
For families, the property falls within a highly sought-after school zone. Pasadena Intermediate and Western Springs College, both with a decile rating of 8, are in close proximity. Newton Central School and Kowhai Intermediate School, rated 7 and 7 respectively, also serve the area. Auckland Girls' Grammar School, a secondary school with a decile rating of 3, is another option for families.
Whether you're looking for a prime location for your business, an investment with potential for added value, or a site for future development, this property demands attention. Its strategic position near Ponsonby Road and the CBD, along with the area's rapidly appreciating property values, makes it a compelling choice for a variety of buyers.
Updated on August 01, 2024
ਗਲੀ ਪਤਾ | ਦੂਰੀ | ਕਮਰੇ ਦੀ ਗਿਣਤੀ | ਬਾਥਰੂਮ ਦੀ ਗਿਣਤੀ | ਇਮਾਰਤ ਖੇਤਰ | ਵਿਕਰੀ ਸਮਾਂ | ਵਿਕਰੀ ਕੀਮਤ | ਡਾਟਾ ਸਰੋਤ | |
|---|---|---|---|---|---|---|---|---|
0.07 km | 2 | 1 | 64m2 | 2024 ਸਾਲ 11 ਮਹੀਨਾ 18 ਦਿਨ | $867,000 | Council approved | ||
0.07 km | 2 | 1 | 59m2 | 2024 ਸਾਲ 10 ਮਹੀਨਾ 24 ਦਿਨ | $1,060,000 | Council approved | ||
0.07 km | 2 | 2 | 64m2 | 2024 ਸਾਲ 10 ਮਹੀਨਾ 01 ਦਿਨ | $950,000 | Council approved | ||
 | 0.06 km | 2 | 1 | -m2 | 2024 ਸਾਲ 08 ਮਹੀਨਾ 27 ਦਿਨ | - | Council approved | |
0.06 km | 2 | 1 | 100m2 | 2024 ਸਾਲ 08 ਮਹੀਨਾ 24 ਦਿਨ | $1,180,000 | Council approved |