Potential in flexible city-fringe premises
A standalone building in Auckland’s city fringe has been placed on the market.
The Newton property comprises a 403sq m two-storey office and showroom/warehouse on 279sq m of freehold land zoned Business–Mixed Use under the Auckland Unitary Plan.
Sitting on the corner of busy Newton Rd at the intersection with France St, the property has an additional height overlay of 32.5m and currently has parking for four vehicles as well as a cart dock.
The land and building at 94 Newton Rd is being marketed for sale by deadline private treaty through Bayleys Auckland, with offers closing on August 24 unless sold prior.
Salespeople Alan Haydock and Damien Bullick said the property represented a rare opportunity to purchase in a tightly held precinct and would appeal to owner-occupiers, investors or developers.
The ground floor features a 60sq m workshop accessed via the cart dock or internally, along with an 86sq m showroom/office fronting Newton Rd. Two office areas measuring a combined 257sq m are accessed via an internal stairwell. These spaces benefit from good natural light and extensive glazing throughout.
The property is solely tenanted by The Environmental Collective, which supplies air and water testing and monitoring equipment and services. In occupation since 2014, it is now on a short-term lease generating annual income of $75,000 plus GST.
“The current lease arrangement with the tenant, provides maximum flexibility for any new owner to either invest, occupy, or further develop the property. Add-value investors can modernise and refurbish this already attractive commercial premises,” Bullick said.
“Alternatively, owner/occupiers looking for a high-profile and well located home for their business can tailor this building to suit their needs.”
Haydock said one of the property’s most desirable attributes was its strategic CBD-fringe location.