Showcasing the archetypal geometric lines of the post war era, this stately Art Deco 1930s building at the margins of Newmarket's buzzy cosmopolitan precinct and in Double Grammar Zone, is a rare offering for investors looking for a property that hits different. Tightly held in the same family for half a century, the 325 sqm (approx.) masonry and brick clad complex built above three single garages is occupied by a total of five flats with some capturing Rangitoto Island and Waitemata Harbour views.
The freehold 437 sqm (approx.) land is zoned Residential - Terrace Housing and Apartment Building Zone. Located a short walk from bus stops and Newmarket train station hub and close to all the commercial action with high-end boutique fashion and homewares stores, Newmarket Westfield, and popular nosheries minutes from the front door. Whether considering as a short-term income opportunity or long-term hold, this off-Broadway star could be a phenomenally rewarding acquisition for astute buyers who are always on the lookout for real estate gold.
The interior presents in relatively original condition and configured as 4 x 2-bedroom and a one-bedroom two level flat with all having one bathroom and kitchen. Timeworn carpets conceal some native wood floors, while timber window and door joinery, higher stud and curtain pelmets also pay homage to the typical features of its bygone era. There's ample scope here to carry out a complete refurbishment and add value in this consequential Remuera postcode, or see what the future could hold with this blue-chip address.
For further information, call John & Jane on 0800 WANT SOLD
