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58 Dryden Street, Grey Lynn, Auckland City

Price by Negotiation

502m²

Boutique accommodation - huge cashflow

This boutique accommodation property is located approximately 10 minutes from Auckland's CBD. Fully renovated throughout, this property represents a good investment to those looking for something other than a residential tenancy.

Comprising two fully contained dwellings totalling nine double bedrooms, seven bathrooms (six luxurious ensuites) and secure off-street parking for four cars. The configuration is appealing to long-stay corporate clientele or as an Airbnb equivalent for free independent travellers (FIT).

Re-built in 2020, this renovated property is fully double-glazed, with central heating in every room and modern kitchens and living on each level. Each floor has park-view verandas and outdoor flow to separate sunny entertaining areas.

The property is fully managed by an Auckland company who are capitalising on this unique offering to international and domestic corporate clientele. The option is still there for you to play in other areas of accommodation including residential tenancies.

This investment offers so much from location to flexibility in revenue and management considerations not seen in normal commercial investment, and its value is also underpinned by its freehold title.

Due to the nature of the investment, inspections are by appointment only. The committed vendor instructs a definite sale.

Additional details

Type

House

Property ID

1754176

Listed on

17/01/2024

Updated

19 days ago

Data

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OneRoof estimateRating valuationProperty history

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Property data

Broadband available

Floor area

248m²

Land area

502m²

Unitary Plan

Zone 19 Residential - Single House Zone

About the area

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Time (yrs)

5 yrs

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Grey Lynn, Auckland City

Grey Lynn is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Grey Lynn is the 27th largest suburb of Auckland in terms of the total number of residential housing stock. Grey Lynn provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1800 - 1809. The majority of the residential housing stock in the locality was constructed between 1910 - 1919. Residential housing stock in Grey Lynn is made up of approximately 94% residential housing and 6% residential investment housing properties.

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