Character and potential in Remuera Rd

2:42 PM Friday December 8, 2017 True Commercial

The building, dating from the 1920s, has a frontage onto Remuera Rd. Photo / Supplied

Agents say a two-level property at 575 Remuera Rd offers a great location between two of Auckland’s wealthiest suburbs — Remuera and Meadowbank.

NAI Harcourts marketing agent Tim Turner says it’s a premium location for someone planning to start up or relocate a small business.

The freehold site within Upland Rd shopping precinct has a strategic road frontage onto busy Remuera Rd and is offered for sale with vacant possession, says Turner.

The property — which goes to auction on December 14 — would suit retail, hospitality, or as an office — it’s almost a blank canvas for buyers, he adds. “There is potential for a huge variety of business types to be run from this site.”

He says the masonry building, constructed in the 1920s, has an area of almost 140sq m, with 68sq m on the ground floor and 71.6sq m on the first floor. The IEP seismic assessment achieved a New Building Standard of 20 per cent, with no further action required until 2035.

The ground floor has timber floors, wooden and glass partitions, suspended ceilings, fluorescent lighting, ventilation and amenities including a bathroom and kitchen area upstairs.

“The amenities make this a possibility as a multi-use site. It could well suit someone looking to run a business out of the ground floor space, and convert the first floor into a residential space,” Turner says. “Alternatively, 575 Remuera Rd could be a very affordable apartment.”

The first floor was converted to a meeting space for a Christian group about 12 years ago, and the roof has been substantially refurbished within the past year.

The building has easy street access, dedicated carparking at the rear and roadside carparking out front.

There are views from the upper level across surrounding suburbs and it is surrounded by well established businesses such as medical services, cafes, bars, and retail stores.

“This building offers a functional design with potential that should appeal to a variety of investors or owner occupiers,” says Turner.

“The owners have relocated overseas, and the property is now surplus to their requirements.”