Popular live-work units in Northwest
Five newly built live-work units in the Huapai-Kumeu¯ growth area north of Auckland are expected to attract strong interest as employment fundamentals shift post-pandemic.
The individually titled freehold units at 2-6 Honowai St (pictured right) feature an average floorplate of 120sq m, suitable for various commercial operators including retail, professional services, studio or medical use.
Bayleys Northwest salesperson Beterly Pan says the properties are offered in a time of strong demand for alternative property types, as the shift to more agile working environments and rising business and living costs encourage occupants to look beyond traditional options.
“Start-up opportunities have increased in the wake of pandemic lockdown restrictions, creating new business lines and driving demand for goods and services. As a result, more Kiwis have launched small businesses and demand for suitable live-work accommodation has risen.
“New Zealand has an exceptionally high percentage of small and micro-businesses, a number which has kept growing with close to 550,000 small businesses in New Zealand accounting for
97 per cent of all firms.
“At the same time, rising operational, rental and housing costs have increased the attractiveness of live-work units, which also satisfy local authority objectives of wanting to ease road congestion by enabling more people to work close to, or at home,” she says.
Pan is marketing the units with colleagues Matt Mimmack and Richard Moors. They will be sold together by deadline closing at
4pm on Thursday, April 13 unless sold prior.
Five units are available for sale in a modern block of six. Each unit features four carparks and west-facing decks.
Mimmack says the units have been built to a very high standard. The units offer a mixture of commercial and residential areas with ample designated carparking on-site.
“Each unit comprises a two-bedroom residential dwelling on the first floor, entirely separate from the ground-level commercial accommodation, and benefits from generous stud heights and an outdoor entertainment area.
“The ground floor provides a flexible and predominantly openplan area suitable for retail, office or commercial use.
“These offerings are unique to the market as the properties are approved for live-work use and are on their own freehold titles, making them an extremely attractive investment proposition ready for immediate occupation.”
The properties are located in dual Business–Town Centre and Residential–Mixed Housing Urban zone, both of which allow a high level of intensification.