Unit E/177-183 Symonds Street, Eden Terrace
Auckland · Auckland
Negotiation
- 123m²
- Retail
Vendor motivated to sell. Make it offer
Eden Terrace location for investment
Located on Symonds Street and surrounded by a variety of commercial services, 177 Symonds Street offers a high profile and traffic count position with its proximity to the Newton Road, Khyber Pass, and Mt Eden Road junction. Access to two on-site car parks is via Stable Lane which entered from Newton Road.
The unit provides a separate approx. 47m² single bedroom residential flat upstairs, accessed from Stable Lane, is located within Auckland Grammar School zone. The residential flat is on a periodic tenancy agreement returning $24,440 per annum inclusive GST with one car park.
The approx. 76m² retail space on the ground floor boasts strong foot traffic and high exposure. The retail space is currently used as a café/restaurant, with a current rental of $26,520.00 + $2,600.00 (one car park), totaling $29,120.00 + GST. The tenant pays 70% of the outgoings being approx. $7,343.30 + GST.
KEY FEATURES:
*123m² retail & residential offering
*Freehold unit title
*Two car parks included with the unit
*The owner will pay 30% of the Rates and Body Corp fee. Fixed-term tenancy ends 16/8/2024
*Retail tenant currently pays approx. $29,120.00 + GST + outgoings
Why delay! Call Edward Ching at 0800EDWARD or 021 022 73738 for more information.
Added to OwnBetter 1 Nov 2026
What is rental yield?
Gross rental yield is a year’s rent as a share of what the property is worth: $665 × 52 weeks = $34,580, against the council valuation of $760,000. It is before rates, insurance, maintenance, management and vacancies, so what an owner keeps (the net yield) is lower.
How we worked this out
| Evidence | Points to | Counted |
|---|---|---|
| 2 rentals advertised nearby each adjusted to this property’s bedrooms and value | $659 | 7% |
| From its value what rentals in the area typically yield | $663 | 93% |
We read this property as an apartment. Rentals advertised nearby count most when they are close, recent and alike; the more of them there are, the less the area’s bond figures count. Bond figures are rents agreed in new tenancies, from Tenancy Services, placed within the area by how this property’s council valuation compares with similar homes there.
| Address | Beds | Asked | As this one | When | Away |
|---|---|---|---|---|---|
| 9A/8 Bankside Streetrealestate.co.nz ↗ | 1 | $400 | $659 | Oct 2026 | 1.9 km |
| 76 Melanesia Roadrealestate.co.nz ↗ | 3 | $1,400 | $870 | Oct 2026 | 7.9 km |
These are computer-generated guides only, not a rental appraisal.
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Home expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
Unit E/177-183 Symonds Street as a rental
| Line | ||
|---|---|---|
| Price Council valuation | ||
| Deposit | ||
| Interest rate | ||
| Rent a week our estimate $665 | ||
| Property manager | ||
| Rent, 52 weeks | $34,580 | |
| Empty between tenants 2 weeks | ||
| Property management 9.2% incl. GST | ||
| Maintenance 5% of rent | ||
| Council rates this year | ||
| Landlord insurance the building | ||
| Net income before interest | $28,462 | |
| Interest $532,000 at 6.00%, interest only | −$31,920 | |
| Cash flow before tax | −$3,458 | |
| Cash flow a week | −$67 | |
| Gross / net yield on the price | 4.5% / 3.7% | |
| Return on equity cash flow on the deposit, before tax | −1.5% | |
| Loses money above this interest rate, before tax | 5.35% | |
The rent covers the interest at rates up to 5.35%. That is -1.5% a year on a $228k deposit. A guide before tax and capital growth, from our estimates; not financial advice.
Property data
- Floor area123 m²
- ImprovementsShop, &, apartment, above, retail
- Property categoryMulti-use within commercial
- CouncilAuckland
- Valuation #00005-10600860300
- Valuation date1 May 2024
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title numberNA125C/125
- Title typeUnit Title
- Legal descriptionUnit E and Accessory Unit 5 Deposited Plan 196358
- Addresses on this property2
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
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Building consents
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Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
Reading the council's maps…
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Eden Terrace
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