2 Gillies Avenue, Newmarket, Auckland

Nestled at the junction of Gillies Avenue and Eden Street, this 2849sqft commercial space boasts a freehold title and a mixed-material construction, both in walls and roof, since 2001. It features an average condition, 105 carparks, and large floor-to-ceiling glass windows, ideal for showroom and office use with a high level of exposure. The property has seen a 7.14% increase in Capital Value from $17,500,000 in 2017 to $18,750,000 as of June 2021. The HouGarden AVM estimates it at $18,585,000, while the latest sales were recorded at $19,600,000 in 2024 and $24,500,000 in 2022.

With a prime location, the property falls within the decile 9 Auckland Grammar zone and is close to Newmarket School (decile 7), Auckland Normal Intermediate (decile 9), and Epsom Girls' Grammar School (decile 9), making it an attractive option for families.

Updated on November 20, 2024