With owner-occupiers currently active in the commercial property market, a turn-key opportunity close to the new Maungawhau/Mount Eden City Rail Link station has sparked inquiry from forward-thinking buyers.
Located on the border of Grafton and Mt Eden, the freehold property at 33 Boston Road was built around the 1950s and has been extensively refurbished to provide office, showroom and studio space. Until recently it has been occupied by film production company, Exit.
It is one of three in a boutique body corporate-overseen complex on an underdeveloped 1,300sqm (more or less) site with favourable Business - Mixed Use zoning and is at 70 percent of new building standard.
The extensively refurbished 178sqm two-level commercial building has a mix of showroom and office space on the ground floor, with additional office plus kitchen on the upper mezzanine level.
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There are bathroom facilities on both levels and five on-site car parks allocated to this property.
The versatile building lends itself to a range of different business uses and given the favourable zoning overlay, may have potential for a residential component, with due investigation via the usual channels required.
James Were and Ben Wallace of Bayleys are marketing the property with an asking price of $1,550,000 + GST (if any).
Describing it as a "super cool" turn-key option for owner-occupiers or a chance for investors to look at ways to add further value to the property, Were said the broader location is set to get a prospective value boost from the advancing City Rail Link (CRL) initiatives and wider projects.
"About 3ha of land around the new Maungawhau/Mount Eden Station, which is a short walk from this property, is jointly owned by Auckland Council and central government with development plans intended to provide more homes, retail, entertainment and commercial offerings.
"The Grafton/Mt Eden fringe is a strategic location for businesses and traditionally, property is held long-term so this gives buyers a chance to piggyback on the massive investment being made in the area."
Also in close proximity to Newmarket, Parnell, the Auckland Hospital and Auckland Domain, the property also falls within the sought-after Auckland Grammar School zone.
Wallace says an owner-occupier could effectively move in and start business straight away given the quality of the building and refurbishments that have been carried out.
"It's a really on-trend space with great natural light up on the mezzanine level and would suit creatives, architects, professionals, and designers, wholesalers or retailers requiring showroom display space.
"The property benefits from two points of access, either from the entrance on Boston Road which has an after-hours security roller grid, and via the car park to the rear where stairs lead to the largely open-plan mezzanine."
The building has a high-profile position on Boston Road, lies just a few metres from the intersection with Mt Eden Road, is close to the suburb s retail precinct, the Symonds Street ridge and the CBD.
Surrounding properties comprise office, retail and industrial properties as well as residential dwellings.
- Supplied by Bayleys
