626/65 Fort Street, Auckland Central, Auckland

Nestled in the heart of Auckland City at 626/65 Fort Street, this unique property offers a strategic freehold carpark on a separate unit title. Constructed in 2000 with concrete walls and a mixed-material roof, both the walls and roof are in good condition. This carpark, situated in a level contour, presents a golden opportunity in the midst of downtown's parking scarcity and rising rental demand. It's perfect for those seeking a small yet lucrative investment or a secure 24/7 parking space for personal use. Historically, the capital value has seen a significant jump from $80,000 in July 2017 to $110,000 as of June 2021, indicating a 37.5% increase. The HouGarden AVM estimates it at $112,500, and the latest sales were recorded at $85,000 in 2024 and $65,000 in 2018.

For families, the property falls within the zones of several reputable schools. Western Springs College, a secondary school with a decile rating of 8, Ponsonby Intermediate at decile 9, Freemans Bay School at decile 6, and Auckland Girls' Grammar School at decile 3, ensuring a range of educational options for children of different ages.

Updated on September 18, 2024