Strategically positioned in Newmarket’s dynamic and ever-popular fringe, this commercial gem combines vintage character with modern versatility, appealing to a broad range of investors.
16 Railway St, Newmarket, presents an opportunity for owner-occupiers and developers who are seeking future-ready assets in a tightly held market.
Set on a 463sq m mixed-use site with generous height allowances, this multi-level property encompasses approximately 687sq m of net lettable area.
The building, originally established in the 1970s and refurbished around 2000, features a ground-floor showroom, two mezzanine office levels and three covered carparks.
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The possibilities are considerable, with the property suitable for multiple commercial uses, including a potential live/work conversion thanks to its adaptable configuration and central location.
16 Railway St is for sale through JLL via deadline sale, closing 12 noon, Tuesday December 17.
The versatile property offers appeal across a range of buyer profiles.
For owner-occupiers, it provides an ideal character office or showroom space in the heart of Newmarket.
Investors will recognise the immediate potential for adding value through leasing or refurbishment, capitalising on the property’s Mixed-Use zoning and redevelopment flexibility.
Developers will see an attractive opportunity to transform this attractively located site into residential apartments, commercial offices, or a mixed-use project supported by the 27m height allowance.
JLL associate director of metropolitan sales and investments, Jason Armstrong, highlights the high-growth location that continues to attract top-tier businesses and developers as a key factor in the property's potential.
“Newmarket is a neighbourhood where opportunity and innovation intersect,” says Armstrong. “16 Railway St is not just about immediate functionality; it’s about growth potential, development flexibility, and capital gains.
"With a 27m height allowance, this property offers rare scope for value-adding expansions or transformations in a bustling central Auckland hub.”
The site’s prime position ensures tenants benefit from unrivalled connectivity and nearby amenities, from the iconic Broadway retail strip to convenient transit hubs, points out JLL associate director of metropolitan sales and investments, Alex Wefers.
“Newmarket’s evolution from a primarily industrial zone to a vibrant commercial hub has cemented its status as a prime investment area,” says Wefers.
“The neighbourhood’s future outlook, combined with this property’s versatile layout and zoning, creates a unique investment proposition that truly stands out in today’s market.”
The new owner has multiple pathways for maximising the property’s value in the short- or long-terms.
Leasing the property offers steady income potential, with its strategic location and adaptable layout that is attractive to commercial tenants. Targeted upgrades can further boost rental income and tenant appeal, while the mixed-use zoning opens up possibilities for residential or mixed-use development, accommodating future growth in a high-demand area.
With Newmarket’s continuous urban growth, 16 Railway St is positioned to remain in high demand. Investors and occupiers alike will appreciate its accessibility, character and redevelopment possibilities in one of Auckland’s most desirable fringe precincts.
- Supplied by JLL
