JLL agents are presenting a versatile, freehold two-level warehouse and office within two-minutes’ walk of the forthcoming Maungawhau City Rail Link Station.
3 Shaddock Street, Eden Terrace is a rare CBD-fringe industrial property, strategically positioned to open a vista of possibilities for owner-occupiers and value-add investors.
Located on a freehold site of approximately 786 square metres, this attractive facility presents a total lettable area stretching across 677 square metres over two storeys.
Generous ground floor warehouse space is coupled with a flexible first-floor office and two rooftop car parks.
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Having been a manufacturing hub for over five decades, this site is now available with vacant possession so the new owners can start taking steps towards their new opportunity as soon as possible.
Backing directly onto the iconic music venue, The Powerstation, this address is brimming with potential.
3 Shaddock Street, Eden Terrace is now available via Deadline Sale closing 12pm on 26th June 2024, unless sold prior.
The property's strategic location near the upcoming Maungawhau Station positions it for significant capital growth in the short- to medium-term, according to JLL Metropolitan Sales and Investments Associate Director, Alex Wefers.
“The proximity to the new train station makes this property an unbeatable add-value investment opportunity,” says Wefers.
“Investors with an eye to the future can capitalise on the area's transformational growth and reap the benefits of being part of such a thriving community. Refurbishing the existing building will no doubt attract diverse tenant demand from a wide range of industries.”
For owner-occupiers, 3 Shaddock Street offers the rare opportunity to secure one of the few remaining warehouses on Auckland’s sought-after immediate city-fringe, highlights JLL Metropolitan Sales and Investments Associate Director, Jason Armstrong.
“The versatile and adaptable nature of this property opens the doors to endless business possibilities,” says Armstrong.
“From light manufacturing to hospitality, a modern showroom, brewery, or gallery space, there is unlimited potential for the new owners to make their mark and take advantage of a location that will receive an enormous boost in pedestrian traffic when the Maungawhau Station opens.”
Surrounded by vibrant amenities including cafes, dining establishments, boutique shops, and cultural venues, 3 Shaddock Street offers lifestyle and convenience in the Uptown precinct.
Renowned bars, including Galbraith’s Alehouse and the Brothers Beer Juke Joint, plus fine dining like the French Café, make the area one of the most desirable and functional hubs on Auckland’s city-fringe.
Head of Metropolitan Sales & Investments at JLL, Jonathan Lynch, describes the property as a perfect development opportunity for investors seeking location, amenity, and future capital growth.
“Characterised by a blend of nearby offices, light industrial properties, and a growing number of successful residential developments, Eden Terrace is becoming one of the key connection points of New Zealand's most significant transport infrastructure project, the City Rail Link,” says Lynch.
“Boasting a capacity to move more than 50,000 people an hour at peak times, this will redefine the way the city breathes and functions, stimulating commercial and residential real estate activities. This property holds enormous growth potential in terms of capital as well as strategic value.”
Post-completion of the CRL, the surrounding Maungawhau Station area is predicted to bloom with over 100,000 square metres of residential and commercial developments in the pipeline.
The property itself also offers future redevelopment possibilities, with building height allowance of up to 21 metres, which is five metres higher than usually permitted in this zone (subject to height overlays).
- Supplied by JLL
