Rail station boosts interest in strategic city-fringe site

A rare CBD-fringe industrial property for sale is expected to appeal to business occupiers, add-value investors and developers seeking to capitalise on growth sparked by Auckland’s city rail link (CRL).

The versatile warehouse-andoffice property with Mixed Use zoning sits prominently within five minutes’ walk of Maungawhau Station, which is undergoing a major redevelopment.

The CRL is set to double rail network capacity and unlock major residential and commercial development potential around the station. Greatly improved connections will include a nine-minute travel time to Britomart.

Owned and occupied for nearly 15 years by a leading commercial waterproofing and engineering company, the property is available with vacant possession.

The freehold land and building at 18 Burleigh St are being marketed by James Were and Jean-Paul Smit of Bayleys Auckland Central, by tender closing on Tuesday March 12, unless sold earlier.

Positioned near the intersection with Mt Eden Rd, the approximately 533sq m building sits on 549sq m of land with six carparks. The building has an A-plus grade IEP seismic rating of 118 per cent NBS.

The building was constructed in the 1980s and has been occupied by the current owner since 2009, during which time various improvements have been undertaken.

The more than 190sq m warehouse comprises a clear-span area with a stud height of 5.5m, accessed via a roller door. The building contains nearly 340sq m of office and amenity space over two floors.

The site is zoned Business–Mixed Use under the Auckland Unitary Plan. Were said the existing office and warehouse uses were permitted activities under this flexible zoning, which also allows numerous other uses such as residential, retail, food and beverage and healthcare.

“Future redevelopment possibilities are underpinned by a building height allowance of up to 21m, 5m higher than typically allowed in this zone (subject to height overlays).”