City Fringe Industrial - Occupy or Develop

1A, Porters Avenue, Eden Terrace, Auckland City

Price On Application

Proposed Usage
Office
Floor Area
2760.00 m²
Land Area
3371.00 m²
Description:
Property ID
1br5q1q



Located in one of Auckland CBD fringe’s hottest growth locations and poised to benefit further from completion of the City Rail Link, this solid industrial building provides options galore.

Developers will appreciate the generous freehold landholding and favourable mixed use zoning with a potential height of 18m and expansive protected views to the Waitakere Ranges. The site is located within 200 metres of Mt Eden Train Station, which will provide a direct link to downtown upon completion of the Central Rail Link and benefits from Auckland Boys and Auckland Girls Grammar School Zoning. Owner occupiers can look to the future and start planning on how to best maximise the use of this versatile city fringe building. Industrial properties within the inner city fringe are becoming increasingly rare so any businesses looking for such a property should look closely at this opportunity.

The building could be split into 2 tenancies, one of ~ 1200sqm, the other ~ 1400sqm (both providing a mix office and warehouse) so could appeal to smaller owner occupiers and/or add value investors looking for split risk income.

As you may be aware car parks within the inner CBD fringe are extremely sought after and expensive and this property not only comes with 28 external car parks but has the added function of being able to house ample more within its ground level on-grade warehouse.

Our vendors have given us clear instructions to sell and offer the property with 12 -24 month lease options returning circa $400,000 net p.a. + GST to provide holding income for the new owner.

 

Enquire about this property

Eden Terrace Area