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Value still to be had in central Auckland

Value still to be had in central Auckland

Press Release: Harcourts

4 April 2014


Otahuhu is the last undervalued suburb in central Auckland where it is still possible to get a family home for $300,000.

Owner of the new Harcourts Otahuhu office Preet Grewal says although he already has an office in Manukau City, he wanted to expand in order to service the huge demand he is expecting in Otahuhu.

“Otahuhu is only 15 minutes from the Auckland CBD and I believe it’s undergoing the same transformation that Ponsonby did. It has plenty of old villas and people are starting to realise there is no better value for money close to the city centre.”

With New Zealand’s largest shopping centre Sylvia Park just five minutes away, Mr Grewal thinks Otahuhu will not remain undervalued for long.

Well-known sales consultant Mushtaq Sheikh has accepted the position of branch manager.

Mr Sheikh, who has worked within the Otahuhu community for years, says he can tell the suburb is on the cusp of change as many of the big brand chain stores are moving into the area.

“When a suburb starts becoming attractive to the big chains, it’s a sure sign more people are moving into the area,” Mr Sheikh says.

Harcourts Otahuhu opened for business on 1st April and marks a milestone for Preet Grewal, who opened his Manukau office less than two years ago.

Mr Grewal started the business with three staff - himself, a licensee/manager and a new-to-the industry sales consultant. That was in April 2012. Today the office employs 30 full time staff and have also diversified into commercial property, opening a NAI Harcourts branch above their residential office on Sharkey Street, Manukau.

As well as hiring experienced staff, there are a large number of newly qualified sales consultants in the business. Mr Grewal chooses people he believes are natural salespeople and mentors them personally, drawing on his years of experience in the real estate industry both in New Zealand and the United Kingdom.

It’s a formula that’s working, with his team achieving outstanding results.

The same winning formula will be put in place at the new Otahuhu branch to achieve the best results for their clients.

Harcourts CEO Hayden Duncan says Preet & Co Real Estate Limited is one of the fastest growing Harcourts’ franchises internationally. There are some 780 offices worldwide.

“Preet and his team are excellent operators and offer their customers the level of service that will quickly make Harcourts Otahuhu the place to go when buying or selling in the area.”

Harcourts Otahuhu is located at 123 Atkinson Avenue, Otahuhu.

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