Located at 7a Sarawia Street, Newmarket, Auckland - City, this commercial office property presents a unique prime development opportunity. The freehold lot spans 711 sqm with a floor area of 158 sqm and features a building constructed in 1936 with mixed materials for both walls and roof, both in good condition. This property, with 21 carparks, is positioned in a highly desirable location, just a stone's throw from Broadway, Newmarket and Grafton train stations, the Auckland Domain and Museum, and within easy access to motorways. Notably, it lies within the prestigious Double Grammar Zone, offering significant appeal for development.
Since 2017, the capital value of this property has seen a remarkable increase from $3,000,000 to $4,300,000, marking a 43.33% growth. The latest sale recorded on February 13, 2024, was at $4,830,098, significantly higher than the HouGarden AVM of $4,120,000, indicating strong market demand. This property's strategic location and zoning for Terrace Housing & Apartment make it an exceptional opportunity for developers.
Education is a key feature of this property's location, being zoned for Auckland Grammar and Epsom Girls' Grammar School, both with a decile rating of 9, Parnell School (Full Primary, decile 9), and Newmarket School (Contributing, decile 7). This enhances its attractiveness for families looking for quality education options.
Updated on April 05, 2024.
街道地址 | 距離 | 房間數 | 浴室數 | 建築面積 | 售出時間 | 售出價格 | 數據來源 | |
|---|---|---|---|---|---|---|---|---|
 | 0.12 km | 1 | 1 | 45m2 | 2024年04月19日 | $565,000 | Council approved | |
0.15 km | 3 | 211m2 | 2024年03月20日 | $1,100,000 | Council approved | |||
 | 0.39 km | 3 | 2 | -m2 | 2024年03月19日 | $1,100,000 | Council approved | |
 | 0.11 km | 1 | 1 | 38m2 | 2024年02月04日 | $370,000 | Council approved | |
0.11 km | 1 | 1 | 37m2 | 2024年01月26日 | $449,000 | Council approved |