Premier Investment in Auckland's Most Prestigious Suburb
For the first time in half a century, this blue-chip investment enters the market, presenting an exceptional opportunity for family trusts, private investors, syndicates, and developers.
Built by the current owner in the early 1970s, 44 Sarsfield Street comprises 16 self-contained flats-7 one-bedroom and 9 two-bedroom units-several boasting harbour views. This solidly constructed property features concrete and concrete block construction, occupying a substantial 1,504sqm freehold site with a total floor area of 861sqm.
Strategically positioned on the elevated side of Sarsfield Street, between Curran Street and Hamilton Road, this premium location offers unparalleled convenience to Ponsonby, Viaduct Harbour, Auckland CBD, and some of the city's finest beaches.
Currently fully managed and generating a gross annual return of $384,400 in 2024 with projected income of approximately $399,880 in 2025, the property delivers robust income with future options.
This investment represents a blue-chip Herne Bay acquisition, offering:
• Prime real estate in Auckland's premier suburb
• Strong existing income stream
• Irreplaceable land value
• Multiple development options
Large investment blocks of this calibre rarely reach the market. Secure your foothold in Auckland's most coveted suburb-opportunities of this significance truly emerge just once in a generation.
Also available from the same vendor: 33 Curran Street, Herne Bay.
