13 RENTAL APARTMENTS, ZONED MIXED USE & GRAMMA...

12-14 Nikau Street, Eden Terrace, Auckland City, Auckland

To be sold by tender (closes on 2 Aug)

6+ Beds
6+ Baths
606m² Land

Attribute	Value
Property type	Apartment
Parking	14 Car Garage
Agency reference	812117
Apply Online	http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149299500&sellerId=0

Tender: Closes on Monday 2 August 2021 at 2:00PM (unless sold prior)

12-14 Nikau Street, 606m² of Freehold land, is zoned as Mixed Use with a broad frontage to Nikau Street. The elevated site, within Auckland Grammar School zone, enjoys a commanding view to the south and west, making it suitable for a five-six storey residential apartment development (subject to council approval), as is the case with similar developmental sites nearby.

The circa 583m² building constructed of concrete and steel was completed in the 1980's. The lower level has vehicle access with 14 car parks and a warehouse storage space. The main building, with its 13 residential apartments (11 apartments for two bedrooms plus two apartments for a one bedroom studio) and triple garages, generates a rental income of $5,300 per week.

Located in the ever-popular suburb of Eden Terrace, the building is a stone's throw away from the newly developed Mount Eden Station which is part of the new City Rail Link network, earmarked to be completed by 2024. The completion of the CRL will be a game changer for this property, making it easily accessible to the entire Auckland CBD area and beyond.

Grab this once in a lifetime opportunity to invest in the future of Auckland downtown living.

See property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.

Open home times

No times scheduled

Local Schools

IN ZONE auckland grammar school
Mountain Road
831 m
Secondary (Year 9-13) (Secondary), State, 2758 enrolled
IN ZONE newton central school
Monmouth Street
886 m
Contributing (Primary), State, 325 enrolled
IN ZONE auckland girls' grammar school
Howe Street
1.2 km
Secondary (Year 9-13) (Secondary), State, 1167 enrolled

IN ZONE kowhai intermediate
26 Onslow Road
1.2 km
Intermediate (Intermediate), State, 587 enrolled
IN ZONE mt albert grammar school
36 Alberton Ave
3.7 km
Secondary (Year 9-13) (Secondary), State, 3585 enrolled
UNZONED ficino school
27 Esplanade Road
763 m
Full Primary (Primary & Intermediate), Private : Fully Registered, 143 enrolled
UNZONED st peter's college (epsom)
Mountain Road
848 m
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1314 enrolled
UNZONED the busy school nz
75 Karangahape Road
998 m
Secondary (Year 9-13) (Secondary), Charter School
OUT OF ZONE mt eden normal school
Valley Road
1.2 km
Contributing (Primary), State, 600 enrolled
OUT OF ZONE newmarket school
7 Gillies Avenue
1.3 km
Contributing (Primary), State, 255 enrolled
UNZONED up international college new zealand
345 Queen Street
1.3 km
Secondary (Year 9-13) (Secondary), Private : Fully Registered, 318 enrolled
UNZONED acg parnell college
39 George Street
1.6 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1910 enrolled
UNZONED auckland senior college
150 and 161 Hobson Street
1.7 km
Secondary (Year 9-13) (Secondary), Private : Provisionally Registered
OUT OF ZONE freemans bay school
Wellington Street
1.7 km
Contributing (Primary), State, 586 enrolled
UNZONED st joseph's school (grey lynn)
456 Great North Road
1.8 km
Full Primary (Primary & Intermediate), State : Integrated, 63 enrolled
OUT OF ZONE auckland normal intermediate
Poronui Street
2.2 km
Intermediate (Intermediate), State, 722 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.