An exceptional commercial property known as Kaurilands Garage has come to the market.
Located at 2 Kaurilands Rd, Titirangi, this high-profile property is on the market for the first time in 21 years and JLL agents say it offers unparalleled potential for a range of buyers from owner-occupiers through to developers and investors.
Situated at the intersection of Atkinson Rd and Kaurilands Rd, this strategically positioned property boasts generous land size of approximately 1002sq m and a building area of around 260sq m.
With low existing site coverage, the opportunity to create additional building areas and increase the net lettable area offers particular upside to the investor, developer, or owner-occupier.
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Featuring a dual-side pumped petrol station with a convenience store at the front of the site and a mechanical workshop and yard at the rear, the property is primed for a range of commercial uses.
2 Kaurilands Rd, Titirangi, is for sale by deadline date, with offers closing 12pm, Wednesday May 15.
JLL associate director of metropolitan sales and investments, Alex Wefers, believes the legacy business presents an unmissable opportunity for the new owner to revive and develop a local-favourite mechanic’s workshop or use the space as a hub for an existing or new business.
“The current owner of this property has previously operated a highly successful and thriving mechanical workshop from this location, and boasted a massive local following,” says Wefers.
“Although the property has been leased to another operator in recent years, the new owner has the opportunity to tap into the strong local following and bring to life their own mechanic’s workshop in this strategic location and create synergy with the petrol station.
"The workshop space and large land area could also be converted or developed into a modern centre of operations to suit a wide range of businesses servicing the ever-popular Titirangi area.”
The Business Neighbourhood Centre zoning is favourable for developers and offers the potential for a range of commercial and residential activities.
With the possibility of building heights up to 13m, developers can capitalise on this prime location and unlock the property's full potential, according to JLL associate director of metropolitan sales and investments, Jason Armstrong.
“2 Kaurilands Rd is a truly strategic site with endless possibilities,” added Armstrong.
“The flexible zoning and potential build height create an exciting opportunity, and together with the rich history of Kaurilands Garage, the community recognition inherent to this site creates a special investment prospect.
"The current tenancy expires in August 2024, allowing the new owner time to strategise the best next step for their new investment project with market rental being assessed at 53 per cent above the holding income, according to a recent registered valuation.”
Nestled in the gateway to the Waitākere Ranges, the property is surrounded by predominantly low- to medium-density residential areas and four schools, and is ideally situated to service the growing West Auckland population.
- Supplied by JLL
