Weekend Herald

Unique, fully refurbishe­d opportunit­y in city fringe

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Two townhouses and a showroom/office building combine in a rare opportunit­y on the fringe of Auckland’s CBD.

Set on a freehold 362sq m corner site, directly across from the planned Karanga a Hape City Rail Link station, the property at 25-27 East St, Newton, is now on the market through JLL.

It is a corner site bordered by East St and South St with direct pedestrian access through a walkway to the station.

As many as 1400 pedestrian­s an hour are expected to alight during peak travel times at Karanga a Hape station when it opens, positionin­g this property in a premium location for businesses and commuters.

Dual townhouses refurbishe­d to an exceptiona­l standard by developer Andy Davies of Ponsonby Central front a twostorey showroom/office space that suits a variety of business types, with space at the rear for up to five carparks.

The property is currently untenanted and ready for a buyer.

JLL is marketing 25-27 East St for sale by deadline private treaty closing at 4pm on Thursday 6 October unless sold prior.

JLL Metro Sales associate director Jason Armstrong says the appeal of purchasing a Davies-refurbishe­d property in a potentiall­aden central location makes this a must-see for investors and occupiers.

“The CRL station opening across the road, the amount of foot traffic through this area every day, the attention to detail you get with any property Andy Davies has developed, the property catering to a range of hybrid live/work tenants in one central location – the combinatio­n of these factors makes this unique mixed-use property stand out from the crowd,” Armstrong says.

Davies highlights the site’s potential as the biggest tick-in-the-box.

“The original bones of this East St property were solid. It just needed someone with the vision to bring the interior spaces to life and make them usable and practical for a range of business and occupier tenants,” he says.

“In a real growth hub on the city fringe, the variety of uses across the mixed-use spaces gives flexibilit­y to the successful buyer. The blueprint is yours to shape.”

That blueprint has a sizeable footprint – JLL Metro Sales associate director Alex Wefers suggests the net lettable area adds another string to the bow of this property.

“Boasting around 388sq m of floor space across two townhouses and two levels of showroom/office space at the rear, the opportunit­y to lease the space while you plan the next step for the site makes this an attractive propositio­n,” he says.

Future developmen­t opportunit­ies are underpinne­d by favourable city centre zoning allowing for build heights up to 35m, alongside the property being wellpositi­oned and smartly appointed, Wefers says.

 ?? ?? Rear (left) and front views of the newly refurbishe­d townhouses, showroom and office building at 25-27 East St, Newton.
Rear (left) and front views of the newly refurbishe­d townhouses, showroom and office building at 25-27 East St, Newton.
 ?? ?? The East St property is directly opposite the City Rail Link station and other amenities.
The East St property is directly opposite the City Rail Link station and other amenities.

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