2/7 Douglas Alexander Parade, Rosedale, Auckland - North Shore

Nestled at 2/7 Douglas Alexander Parade in the serene Rosedale, Auckland, this industrial-service property boasts a Unit Title and was built in 1997 with robust concrete walls and iron roofing, both in good condition. It offers a generous 5 carparks and a floor area of 273sqm. The capital value has seen a rapid increase from $790,000 in 2017 to $1,150,000 as of June 2021, reflecting a growth of 45.57%. The property is valued at $1,102,500 by HouGarden AVM, with the latest sale recorded at $920,000 in 2024 and $1,150,000 in 2018.

With a net return of $63,000 per annum, this property is currently leased to a curtain & blind specialist, benefiting from a 4-year lease term with a 4-year renewal option, and regular market rent reviews. It's situated within an 8-unit complex in the low-vacancy Rosedale Commercial & Industrial Estate, making it a prime investment opportunity.

For families, the property falls within the zone of Albany Senior High School (Decile 10), Albany School (Decile 9), and Albany Junior High School (Decile 10), ensuring access to quality education.

Updated on October 09, 2024