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Auckland

Freehold live/work opportunity in popular Kingsland

JLL marketing 385 New North Road, Kingsland


 

 

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​​385 New North Rd 20-outline small-min.jpgA rare, live/work opportunity has arisen in Kingsland.​

JLL agent Alex Wefers is marketing 385 New North Road, a 240sqm freehold site with a 157sqm warehouse, 141sqm apartment and four car parks.

Says Wefers, "Live/work scenarios are popular and often very hard to find. Zoned mixed use, this property is located in a prime Kingsland location and has great business exposure. Kingsland is known to be an eclectic neighborhood so this type of property could suit an array of business types from professional services, retail, storage, medical, showroom through to recreation.

"Alternatively, the apartment could be utilised by a commercial tenant, for example, as an office or medical practice, using the bedrooms as consultancy rooms, or as a yoga and wellness center as it has previously. The new owner could even choose just to live in the apartment and lease out the rest or vice versa. The opportunities are endless."

The previous tenant utilised the property to build their successful café and natural food business Little Bird, where they lived at the property and had their café located downstairs. Says Megan May, owner of Little Bird, "It was the ideal property for us because we sprout and dehydrate our product on-site, so to be on hand 24hrs a day allowed us to ensure nothing went wrong with our processes, and if it did, we were there to fix it straight away.

"Even after we moved out of the apartment, we kept the café there for a while as the site and our customers were special to us. The apartment was a fantastic place to live. It is surprisingly quiet and very serene with the trees out the back of the property. We would have loved to have purchased the property ourselves, but timing doesn't allow it."

Kingsland is popular to many businesses because of its easy access to motorways and 385 New North Road is also 450m from the train station and 80m along the road from a bus stop.

Says Wefers, "If we consider the rapid rise in sale prices for both commercial and residential property in Kingsland, the overall capital increase has been significant. This property gives a new owner the ability to live in a three bedroom, 141sqm apartment in central Kingsland, and the opportunity to have a business on-site too. This is not a property that will be easily overlooked, and given the amount of enquiry we receive on a regular basis from owner occupiers looking in this area for a freehold property, we do expect enquiry to be high."

The property will be offered as vacant possession and sold through an Expressions of Interest campaign closing 7 September 2017 (if not sold prior).