20 Cockburn Street, Grey Lynn, Auckland

Once in a Lifetime Opportunity!

This Grand Old Lady dates back to 1913, and nearly four decades ago was transformed into eight legal dwellings. \n\nElevated with views to the western waterways she enjoys a sunny 1416sqm section and being a corner site has two road frontages. The overall floor area is 418sqm but this does not include two single garages, a studio as well as an enormous double garage.\n\nSituated in popular Grey Lynn and only moments from the buzz of the Ponsonby shops and cafes. Zoned 6a with a CV of $2,300,000.\n\nRestore this lady back to her former grandeur with tennis court, or land bank this property with the existing tenants for a rainy day!\n\nThe options are so varied yet so attainable. You will have to act quick as she is going to SELL!\n\nCurrently returning $2,015 gross per week, with a rental assessment potential to increase to $2,390 per week.\n\nCV - $2,300,000 (July 2011)\n\n20 Cockburn has an amazing history.....\n\nIn 1913 Robert Greer, dubbed 'A local employer extraordinaire' who for decades was one of Ponsonby's larger employers in his clothing manufacturing business , bought the two corner lots (Farrar and Cockburn) and built the original villa. In 1915 he bought the adjoining lot in Cockburn Street where he had his tennis court and gardens. The property was then sold in 1950. For five years it was operated as a boarding house by 'Rose'. \n\n1973 saw it being sold to a Salesman and an Interior Decorator who applied to have it raised in order to create the eight flats. The property has been operating as such for the last 40 years.\n\nDon't let this amazing opportunity pass you by.\n\nAUCTION: 4pm, Wednesday 27 February 2013 (unless sold prior)\n4 Viaduct Harbour Avenue, Auckland.