2 High Street, Auckland Central, Auckland

Located at 2 High Street, Auckland Central, Auckland - City, this commercial property offers a unique investment or leasing opportunity. The building, constructed in 1920 with concrete walls and an iron roof, is in good condition. It spans a floor area of 2652 sqft on a freehold land area of 818 sqft. Despite its age, the property has been well-maintained, presenting a prime CBD retail space opportunity. Notably, it does not include any bedrooms, bathrooms, or car parks, highlighting its commercial use designation.

The property's capital value has seen a significant increase, from $23,500,000 in July 2017 to $29,500,000 in June 2021, marking a 25.53% growth. The latest HouGarden AVM estimates its value at $29,012,500. Its sale history reveals a recent transaction on December 7, 2023, for $21,000,000, following a previous sale on July 4, 2019, for $30,172,500. This fluctuation underscores the property's dynamic value in Auckland's real estate market.

Situated in a sought-after school zone, the property benefits from proximity to several prestigious educational institutions. Western Springs College (Secondary, Decile 8), Ponsonby Intermediate (Intermediate, Decile 9), Freemans Bay School (Contributing, Decile 6), and Auckland Girls' Grammar School (Secondary, Decile 3) are all within the vicinity, offering excellent educational opportunities. This aspect adds to the property's appeal, making it a strategic choice for investors or businesses considering the broader community benefits.