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Auckland City
Grafton
5 Park Avenue

5 Park Avenue, Grafton

11 Bed

6 Bath

6 Lounge

1 Garage

6 Other

Virtual Auction online - 3 March 2021 - 2.15pm Lot 9

Central City Opportunity - Rent or Remove
This large 771sqm level site is situated in a prime location close to Auckland Hospital and Newmarket. Zoned Mixed House Suburban, this is a unique opportunity for development.

The freehold property currently contains 6 individual flats ranging from 1-3 bedrooms, so the option also exists for a future minded buyer to upgrade and receive a good rental return whilst still land banking for the future.

Upgrades in recent years has included re-piling, a new roof, and upgraded ceiling and underfloor insulation. School zones include Auckland Grammar, Newmarket School, Parnell School and Auckland Girls Grammar. Close to public transport, motorway on ramps and within easy walking distance to the city and the Domain, this desirable location has a lot to offer.

771 sqm freehold site
Zoned Mixed Housing Suburban
6 X individual flats returning approx $125,000 when fully let
6 X off street carparks and 1 lock up garage.
Repiled, new roof and upgraded ceiling and underfloor insulation
CV of $2,650,000 as at 2017

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Property details

Location:

5 Park Avenue, Grafton

Property type:

Home and Income

Land area:

771m²

Bedrooms:

11

Bathrooms:

6

Separate Lounge:

6

Garaging:

1

Off street parking:

6

Property ID:

806843

Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education

In zone schools

Auckland Grammar Show zone on map0.7 km
Newmarket School Show zone on map1.0 km
Auckland Girls' Grammar School Show zone on map1.5 km
Parnell School Show zone on map1.9 km

Other nearby schools

St Peter's College (Epsom) 0.6 km
ACG Parnell College 0.9 km
Northern Health School 1.0 km
UP International College New Zealand 1.1 km
Kadimah School 1.1 km

Ficino School1.4 km
Auckland Senior College1.5 km
Newton Central School1.5 km
Epsom Girls' Grammar School1.7 km
St Michael's Catholic School (Remuera)1.8 km
Crimson Global Academy1.8 km
Freemans Bay School1.8 km
Mt Eden Normal School1.9 km
Kowhai Intermediate School2.1 km
Diocesan School For Girls2.1 km

10 more schools

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