Mt Eden office-showroom in mixed-use zone

5:00 AM Saturday June 17, 2017 True Commercial

The two-level for sale property at 31B Normanby Rd. Photo / Supplied

A 450sq m office-showroom, standing among 21 similar-sized units, is for sale at 31B Normanby Rd, Mt Eden.

Savills is marketing the property, with offers to buy closing on June 28.

The two-level freehold property is owned by a family trust open to it being either sold or leased, says Savills broker Bruce Webb.

“Not only is it in the covetted Gramar Zone, it even backs onto the Auckland Grammar School grounds,” Webb adds.

Considering the tightly held location, he says such an offering is rare, particularly as it has five carparks, a garage and a 19sq m north-facing balcony.

“This property can operate as offices or a trade showroom; it is next door to a flooring showroom, he points out.

The design is open-plan on the 213sq m ground floor and there is a well partitioned boardroom and separate offices on the 225sq m first floor.

This part of Mt Eden has morphed from light industrial into apartment blocks over the past decade, says Webb.

“There is significant new development on Normanby Rd due to it being close to the CBD, major transport routes and the affluent suburbs of Mt Eden, Epsom and Remuera.”

Previous tenants of the property fitted out part of the top floor for accommodation.

Though the unit was tenanted, it will be sold or leased vacant. A new owner could possibly have separate tenancies on the ground and first floors.

Until recently the building was used as commercial offices and there has been an extensive fitout, enhancing it use and the property’s value, Webb says.

With a reinforced concrete foundation, concrete panel and block walls and aluminium external joinery, the building is rated 100 per cent of the National Building Standard.

Previously owned by the Anglican Trust Board which fully upgraded it during the 1980s. In 2002, Savills managing director Paddy Callesen brokered the sale of the building to Landplan, which then divided it into 21 units, fronted by the former Cardrona pub.

Webb says the open plan building would suit either an office-based owner-occupier, a wholesale trade operator or an investor who can lease it. Rent for 31b is assessed at upwards of $250 per sq m for the offices, while the body corporate rate is $3610 a year.

The property is zoned mixed-use under the Unitary Plan, which Webb describes as, “a good city fringe zone allowing residential development”.