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Grafton

49 Seafield View Road, Grafton, Auckland

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737sqm Land area SQM

Grafton: Hold or redevelop


• City fringe residential complex on 737sqm (more or less) freehold landholding
• Repair and reinstate, landbank or redevelop the site
• 13 fully self-contained apartments with car parking
• Weekly rentals currently being achieved are in the $300 to $500 per week range
• Potential to generate holding income while consents are sought
• Strategically positioned near universities, hospital and Auckland CBD

Seafield View Terraces consists of 13 fully self-contained residential apartments. The complex is in need of remediation and will be sold in an as is where is condition.

Undertaking remediation works provides an astute purchaser with the opportunity to sell down the upgraded apartments for profit. Or, rent for return. Alternatively, consider redeveloping this under-developed city fringe site.

The property benefits highly from its central location, located near the idyllic Auckland Domain and adjacent to the Auckland Hospital and Auckland University.

There is ongoing demand from medical and education related tenants who capitalise on this as well as having convenient access to all motorway

Tender
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland Central

9
Jul

Time4pm
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Cameron Melhuish

Cameron Melhuish

Associate Director - Capital Markets

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
James Were

James Were

Commercial, Development and Investment Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Land area breakdown


City fringe residential complex on 737sqm (more or less) freehold landholding

Opportunity


Repair and reinstate, landbank or redevelop the site

Available


13 fully self-contained apartments with car parking

Passing income


Potential to generate holding income while consents are sought

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