Live/work properties offer flexibility
Two live/work properties in established Auckland locations are for sale with vacant possession, offering flexible options for owner-occupiers and investors.
Colliers International is marketing the bite-sized offerings in New Windsor and Albany for sale by auction on Wednesday 12 December, unless they are sold earlier.
The 102sq m property at 261A New Windsor Road comprises a neighbourhood retail unit with a two-bedroom flat. It will be auctioned at Colliers’ Auckland CBD office at 11am.
The 186.2sq m property at 6B Dallan Place, Albany, comprises a high stud warehouse, showroom and studio apartment. It will be auctioned at Colliers’ North Shore office at 2pm.
Investment Sales Broker Ned Gow is marketing the New Windsor property with colleagues Gawan Bakshi and Jeremy Barnett.
He says it is ideal for small business owners wanting to live and work from their premises.
“The property will also appeal to add-value investors who can split it into separate retail and residential tenancies, or homebuyers wishing to supplement their mortgage payments with income from a retail tenant.”
Gow says the property is well located within New Windsor’s large residential catchment, between the growth suburbs of Mount Roskill and New Lynn.
“Its position on New Windsor Road provides easy access to the motorway network via Maioro Street, putting it within 15 minutes of the CBD via the Waterview Tunnel and 20 minutes of Auckland Airport.
“The surrounding area is attracting sustained growth, with thousands of new homes planned under the KiwiBuild initiative.”
The offering is one of seven cross-leased properties within a busy retail strip of 10 shops. It is on a one-seventh share of an 872sq m cross lease title with Neighbourhood Centre zoning.
Gow says the single-level building occupies an advantageous corner position. The retail tenancy fronts New Windsor Road, while the flat on the corner is accessed from Dallas Place.
The 42sq m retail tenancy has a large glass frontage creating a light, north-facing space, with access to a covered side area.
The 60sq m flat has an open plan living area with a neat kitchen that leads to a lounge and bathroom. Two double bedrooms are accessed from the living area.
A rear driveway off Dallas Place provides access to a covered car port that runs alongside both tenancies. A customer car park with 23 shared spaces offers handy dual-access from the New Windsor Road frontage.
Meanwhile, Colliers International Industrial specialist Matt Prentice is marketing the Albany property with North Shore colleague Jack Tuson.
He says it is a superb opportunity to acquire a fully consented live/work unit in one of the North Shore’s most tightly held industrial precincts.
“The property comprises a high-stud warehouse, ground floor showroom/office, and attractive first-floor studio apartment, making it ideal for live-in owner-occupiers.
“The versatile layout also makes it suitable for small businesses seeking a conventional office and warehouse space, or investors seeking an affordable foothold in a popular area.
“Whichever way you choose to use it, this property offers flexible options for owner-occupiers and investors alike.”
The General Business-zoned property is within a well-presented, modern development of four industrial units, at the end of a short cul-de-sac off Arrenway Drive.
Three on-site car parks and proximity to the motorway network make it easily accessible to the rest of the North Shore and the wider Auckland region.
The warehouse provides 85.6sq m of high stud space, along with a medium stud workshop/storage area. It is accessed via roller door.
The office, amenity and apartment areas total 100.6sq m over two levels.
The main entrance on the ground floor opens to a small tiled foyer that provides access to the warehouse, stairway and showroom, which includes a kitchenette, partitioned office and toilet.
The first floor provides a generous studio living area with a kitchen, laundry alcove, and bathroom with toilet and shower. A balcony is accessed via a ranch slider from the living area.
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