Fresh and stylish unit in uptown Eden

3:56 PM Friday March 2, 2018 True Commercial

The property at 6-10 Nikau St is home to production company Fresh Factory. Photo / Supplied

A recently refurbished Mixed-Use property in ‘uptown Eden Terrace’ is being pitched at owner-occupiers and developers.

JLL agent Ben Jamieson, who is marketing 6-10 Nikau St, says it has a lot to offer in every way.

“This freehold property offers a 903sq m site, a decent sized building of 704sqm and 15 carparks,” he says.

“The property at present, is used as a large showroom with offices downstairs along with a four-bedroom apartment also in the mix.

“The owners have refurbished the property installing new kitchens, bathrooms and polishing the concrete floors. The result is a property anyone would be proud of,” says Jamieson, who is selling it through an expressions of interest campaign, closing on March 22 — unless sold earlier.

At present it is tenanted by the vendor, production company Fresh Factory, which has been located there for around two years.

“Fresh Factory converted the space, which was originally a warehouse to accommodate shooting space for high-end brands and publications such as BMW and Cuisine magazine. Therefore, the finishing is of a high standard as it’s important to their imagery,” says Jamieson.

The four-bedroom apartment on the upper floor has views out to the east and west and has a private courtyard. Also on the upper floor is the showroom, where Fresh Factory complete their photography/videography work.

On the lower level of the property is an open plan office complete with a well-presented kitchen and a west facing deck area to make the most of the morning sun.

“A bonus to this property is land out the back of the property, which Fresh Factory is currently not using. This land could be used as extra car parking or development of the space could be explored.

“Being zoned Mixed Use under the Unitary Plan also means the density of the site can be increased by adding additional floors to the existing structure to capitalise on the advantageous zoning.” says Jamieson.

The property is only five minutes from Auckland CBD with regular buses passing along nearby New North Rd and the Mt Eden train station also close by, along with easy access to the Northern, Western and Southern Motorways.

“Eden Terrace is one of Auckland’s highest growth suburbs having seen spectacular capital growth in recent years. Our demographic research points to strong population and business growth and a corresponding growth in demand for the commercial and residential sectors,” says Jamieson.

The property is being offered with a holding income and Jamieson says Fresh Factory has allowed lease options to be flexible, “A new owner could either receive a steady income over all or part of the property for a short lease term; or take the building with vacant possession immediately,” he says.