Live-work ‘pad’ is a rarity in city

2:07 PM Friday September 15, 2017 True Commercial

The four-level property at 6 Leek St has two office levels, 16 carparks and a two-bedroom penthouse. Photo / Supplied

JLL agent Ian Hall reckons “city pads” like 6 Leek St, just aren’t built anymore.

Lauding the combination of a strategic Newmarket location, award-winning design and ample working, living and storage spaces, Hall expects a flurry of inquiries.

He says the 780sq m four-level freehold property comes with two office levels of 288sq m each; 16 car parks and a stunning 202sqm, two-bedroom penthouse residence. It’s to be sold through an expressions of interest campaign closing October 12, unless sold earlier.

“Live-work properties have always been hard to find, and with more people seeking a true work/life balance this is becoming more so. So this property will appeal to owner-occupiers and investors as the perfect inner city private pad. It offers an excellent location to unwind while being so central.”

Above all, Hall points out that the apartment has plenty of space and isn’t crammed with bedrooms.

“It would be ideal for an investor who wants to use it themselves, or rent it out. The opportunity is there to run a business on the two floors underneath, or rent those out too. To top it off, there is no body corporate as this property is standalone.”

He says the property is unlike other live/work spaces, being designed by architect Simon Twose, who, thanks to this property, won the New Zealand Institute of Architects National Premier Award for home and office.

It had been the home of a successful strategy and design consultancy business, which had serviced international and locally based clients since 2000. The apartment was created to allow them to have an inner city home with their business continuing to occupy the two floors below.

It’s close to thriving retail outlets and transport links such as bus routes, the Newmarket train station and motorways north and south.

“The property is fully air-conditioned with an elevator direct from the garage to all floors. It has been well maintained and has a 100 per cent seismic rating, with the apartment having double rated acoustics in order for the property to be a peaceful retreat at the end of the day.”

The apartment has a large living space, two double bedrooms both with ensuites, generous facilities room plus wine room, guest bathroom, open plan living, fireplace and generous storage.

“There are also two substantial balconies with a total balcony area of 52sq m, which capture all day sun, including views to the harbour and southeast.

“With the rise of co-working and flexible work mentality, the idea of working from home has become more the norm,” says Hall.

“For those who own a business which requires them to be on hand 24/7, a live/work premise provides the opportunity to make smarter use of time.”