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Grey Lynn

58 Dryden Street, Grey Lynn, Auckland

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502sqm Land area SQM
9 Bedrooms
7 Bathrooms
4 Offstreet
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Boutique accommodation - significant net cash flow


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).

Built to modern standards, this 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 north-facing 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. The committed vendor instructs a definite sale.

Due to the nature of the investment, inspections are by appointment only through the below agents.

For Sale by Negotiation
Lorraine Young

Lorraine Young

Residential Sales

Bayleys Real Estate Ltd, Remuera,
Licensed under the REA Act 2008
Wayne Keene

Wayne Keene

National Director - Hotels, Tourism and Leisure Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Investment


A significant profit after management whilst retaining the integrity and underlying value of a residential dwelling.

Renovated


Re-built in 2019’s building code by HabitusMode, CCC issued in 2020. Interiors by designer Anthea Baker. Fully double glazed and insulated. Eco solar/gas heated water.

Potential


Your home or huge cashflow with excellent ROI? Fully managed investment.

Local amenities


Grey Lynn Park is on your doorstep. Farro, Countdown and excellent eateries and cafes around the corner.

Position


Popular city-fringe location close to the CBD and easy access to motorways. Prominent position on fee simple title and elevated for sun.

Rental appraisal


Rental appraisal available upon request.

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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