2 Picton Street, Howick, Auckland - Manukau

Nestled in the heart of Howick, Auckland, at 2 Picton Street, lies a commercial-retail gem on a freehold site, constructed in the1950s with brick walls and tiled roof, showcasing an average condition both inside and out. This expansive property boasts a floor area of 268 square meters and a land area of 703 square meters, complete with 7 carparks. The property's capital value has seen a remarkable increase of 50.77% from $1,625,000 in 2017 to $2,450,000 as of June 2021. The HouGarden AVM estimates it at $2,347,500, while the latest sales history shows a jump from $495,000 in 2003 to $675,000 in 2004.

For investors seeking a sound investment with excellent growth potential, this property's CV increase is a testament to its appeal. The attractive layout and 'Mixed Housing Urban' zoning under the Unitary Plan present a myriad of opportunities for the discerning buyer. The building's warm ambiance, ample natural light, and independently installed air conditioning units in most rooms further enhance its value.

When it comes to education, the property falls within a highly sought-after school zone. Star of the Sea School and Mellons Bay School both rate a decile 9 and 10 respectively, while Sancta Maria College and Macleans College, catering to secondary students, are both at decile 7 and 9. Howick Intermediate sits at a decile 4, offering a well-rounded educational journey for children of all ages.

Updated on October 09, 2024