A single car parking space at 148 Quay Street in the CBD has sold for a whopping $265,000.
You can see a photo of this extremely underwhelming property here. The sale price was the equivalent of a mid-priced Southland home, but a whole lot closer to Britomart. Overseas it’s common for car parks in busy cities to be a hot commodity, so this trend could be coming to Auckland in 2018. If you own an apartment with a car park in the central city, it may be worth getting the park appraised; you could sell it for a quick cash injection. Or if you’re feeling bold, investing in central city car parks could be a strategy for the future.