Hospice West Auckland sold its Woodford Avenue, Henderson, property for $830,000 more than its rateable value.
The property sold at Auckland on Sunday for $1.4 million
The six-bedroom house on a 2407m2 site was marketed widely.
"The bidding started at $500,000 and the property sold under the hammer after being called ‘on the market,’ at $810,000, significantly over its $570,000 rateable value. The final sale price was $1,400,000 which blew away the crowd - as well as the vendor’s expectations," said Cynthia Sherwood, Harcourts Blue Fern sales manager and agent for the property.
The property is zoned residential..
Chief executive of Hospice West Auckland Barbara Williams said Hospice was now looking to expand their services to include in-house care facilities.
Phil Freeman, owner of Harcourts Blue Fern said there was steady inquiry through the campaign.
Robert Tulp, the Harcourts auctioneer on the day and Harcourts national auction manager said he had never seen a property go so far above valuation. Bidding was between eight or nine parties.