
ON THE MARKET
58 Dryden Street,
Grey Lynn




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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.
Set Sale Date 4pm, Monday, 29th April 2024 (unless sold prior)
Bayleys Remuera, 50 Remuera Road, Remuera
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Viewings Phone for viewing times or by appointment
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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.
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Home and income
Live in one residence and rent out the other floor; room by room, or manage short-stay accommodation, or long term tenancy.
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Investment
Immaculately presented property in an excellent city-fringe location, popular for its accessibility to motorways and the CBD, and Ponsonby Rd moments away. Enjoy as a large home, or enjoy its cashflow.
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Local amenities
Grey Lynn Park is on your doorstep. Farro, Countdown and excellent eateries and cafes around the corner.
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Position
Prominent and elevated for sun. North-facing.
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Rental appraisal
Rental appraisal available upon request.
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