Mountain of opportunity at converted villa
A character villa converted for commercial use at the base of Mt Eden offers a range of flexible use options for owner-occupiers and investors.
344 Mt Eden Rd encompasses 179sq m of tidy office accommodation, plus a large deck and private courtyard at the rear, with five off-street carparks. The property is within the desirable double grammar school zone and underpinned by 670sq m of freehold land.
Featured in Bayleys’ latest Total Property portfolio, the property will be sold by tender with a short-term leaseback or vacant possession, closing at 4pm on Tuesday, 27 September, unless sold prior.
Alan Haydock, director of Bayleys’ Auckland and City Fringe team, says the property’s high-profile position directly south of Auckland’s CBD and in one of the city’s most affluent neighbourhoods underpins its appeal to occupiers.
He is marketing the property with Damien Bullick.
“Situated in the heart of Mt Eden, a vibrant hub of commercial activity ranging from retailing to wellknown cafes and restaurants, the property is conveniently located to many arterial transport links, and its suitability for a range of owner-occupiers underpins its appeal,” Haydock says.
The property comprises a single-level villa, built around 1920, which has been converted and upgraded as a commercial character premises. Bullick says that internally, the property provides an attractive mix of offices, meeting rooms and open-plan areas, all benefitting from heritage features such as a high-stud height and good natural light. “Extensive decking provides both an attractive outlook and indooroutdoor flow.”
At the rear of the property are a private courtyard and outdoor area which back onto Mt Eden.
“The surrounding area features original character dwellings alongside more recent modern developments, creating a high level of pedestrian flow past the property. In addition, data from Auckland Transport indicates more than 20,000 vehicles pass by every weekday,” he says.
The underlying Residential–Single House zoning under the Auckland Unitary Plan protects the neighbourhood’s particular values and its structures.
“Activities permitted in the zone have been extended to include supported residential care, boarding houses and visitor accommodation which provides a range of options in addition to the existing use as office accommodation.
“The property is located within the sought-after double grammar school zone area for Auckland Grammar and Epsom Girls, which gives weight to the property’s residential appeal,” Haydock says.