11 Auburn Street, Takapuna, Auckland - North Shore

Nestled in the heart of Takapuna, 11 Auburn Street presents a rare opportunity to acquire one of the final undeveloped commercial properties in the area. This freehold site, constructed in 1950 with brick walls and tiled roofing, offers 100 square meters of floor area and is set on a generous 791 square meters of land. The property boasts a capital value of $3,025,000 as of June 2021, showcasing a significant increase of 30.11% from its $2,325,000 valuation in July 2017. With a current HouGarden AVM of $2,900,000, this property holds great potential for investors. Notably, it includes 30 carparks and features dual street access, making it an ideal candidate for various development ventures within the Business Metropolitan Centre zone.

Historically, the property has been in the vendor's family for 54 years and currently generates holding income from two tenants. The site enjoys a substantial street frontage of approximately 55 meters, enhancing its visibility and appeal. The roof and walls are in average condition, ready for the next owner to transform this prime corner site into a lucrative investment.

For families, the property falls within the decile 9 Takapuna Normal Intermediate and Westlake Girls' High School zones, as well as the decile 8 Takapuna School and decile 10 Takapuna Grammar School catchments, ensuring top-notch education opportunities for the young ones.

Updated on October 31, 2024