Unique, refurbished opportunity in city fringe

Two townhouses and a showroom/office building combine for an incredibly rare opportunity on the fringe of Auckland’s CBD.

JLL agents are marketing a diverse property set on a freehold 362sqm corner site in Newton, Auckland Central, directly across from the planned Karanga a Hape City Rail Link (CRL) Station.

25-27 East Street features a two-level showroom/office space with net lettable area of 232sqm and two adjoining townhouses.

It is a corner site bordered by East Street and South Street, with direct pedestrian access via a walkway through to the upcoming CRL station right across the road. As many as 1,400 pedestrians per hour are expected to alight during peak travel times at Karanga a Hape Station when it opens, positioning this property in a premium location for businesses and commuters.

Dual townhouses refurbished to an exceptional standard by developer Andy Davies of Ponsonby Central front a two-storey showroom/office space that suits a variety of business types with space at the rear for up to five carparks. The property is currently untenanted.

JLL has been exclusively appointed to market 25-27 East Street for sale by Deadline Private Treaty closing 4pm Thursday 6 October unless sold prior.

JLL Metro Sales Associate Director Jason Armstrong says the appeal of purchasing an Andy Davies-refurbished property in a potential-laden central location makes 25-27 East Street a must-see for all investors and occupiers.

“The CRL station opening across the road, the amount of foot traffic through this area every day, the attention to detail you get with any property Andy Davies has developed, the property catering to a range of hybrid live/work tenants in one central location – the combination of these factors makes this unique mixed-use property stand out from the crowd,” says Armstrong.

Davies highlights the potential for this site as the biggest tick-in-the-box that drew him to 25-27 East Street.

“The original bones of this East Street property were solid – it just needed someone with the vision to bring the interior spaces to life and make them usable and practical for a range of business and occupier tenants.

“In a real growth hub on the city fringe, the variety of uses across the mixed-use spaces gives flexibility to the successful buyer. The blueprint is yours to shape.”

JLL Metro Sales Associate Director Alex Wefers suggests the net lettable area adds another string to the bow of this property.

“Boasting around 388sq m of floor space across two townhouses and two levels of showroom/office space at the rear, the opportunity to lease the space while you plan the next step for the site makes this an attractive proposition,” says Wefers.

25-27 East Street is loaded with future development opportunities underpinned by favourable city centre zoning allowing build heights up to 35m.

- Article supplied by JLL