A former Auckland convent described last year by councillor Mike Lee as "a slum in the heart of the city", has sold for $4.1 million.
The 1626sq m site at 454 Great North Rd, Grey Lynn, with a 1922 Spanish Mission style building, generated annual holding income of about $336,440 gross from 30 residential tenancies and was sold through Bayleys Auckland City & Fringe.
Auckland Council last year served health notices on the then owner who was given a month to fumigate the building, and arrange for cleaning and repairs.
About 20 tenants lived in the boarding house at that time.
Council inspectors saw a rat and took note of rotted cupboards in the kitchen and bathroom of the two-storey building, next to St Joseph's primary school.