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News Release

Changing suburb sees this property becoming a rare commodity

JLL marketing 21 Taylors Road, Morningside


 

 

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With the suburb of Morningside currently reinventing itself as an up and coming ‘it’ place to be, finding industrial units in the former light industrial suburb is becoming more challenging. 

Zoning changes resulting from the Auckland Unitary Plan have seen many light industrial properties in Morningside re-zoned to mixed use, ultimately reducing the light industrial options in the area. 

Former industrial units in good locations are being snapped up as cafes or trendy retail spaces as a change in zoning has created an opportunity for a change of use. However, there is still a strong need for light industrial properties in the area and 21 Taylors Road fits right in. Built in the 1980s, the freehold property has a floor area of 624sqm comprising of 182sqm warehouse, two offices of 186sqm each, a 70sqm mezzanine and seven carparks. 

JLL agent Alex Wefers says, “The property is zoned Business Light Industry, which will allow it to remain as an industrial property. The location is key here, being only 4km to the CBD, close to the Eden Park Train Station and within walking distance to Eden Park. The property is also close to St Lukes shopping centre, which is a great perk for any owner or employee who could work there.”

The layout of the property sees two offices at the front and the warehouse and mezzanine out the back. 




Constructed as part of a seven-unit complex, the property has street frontage to Taylors Road and backs onto the railway line, allowing ample exposure for any business wanting their brand seen. 

The driveway is currently in need of repair and the current owner has allocated funds to remedy this in the near future, and will be completed by the body corporate.

JLL agent Jarred Hill says, “This property lends itself to many uses, the ground floor offices could be converted into a showroom and seeing Carters is just across the road it is in a useful position for other building supply businesses such as paint, flooring, or even a furniture outlet to be based there. 

The property will inevitably benefit from up-coming transportation changes to the area such as the City Rail Link (CRL), which is set to improve connectivity to fringe suburbs like Morningside. Once complete, the predicted time estimate for reaching the CBD from the suburb will be only 10–15 minutes. 

“The CRL will increase the number of trains and the capacity of people on trains, which will enable more people from the outskirts of Auckland to be only a 30-minute commute from the CBD. Not only will these people have shorter travel times to the CBD, but they will also be able to reach Auckland fringe suburbs such as Morningside in a shorter timeframe. Therefore, the importance of having an attractive community with cafes, bars and shopping areas becomes paramount and Morningside has already stepped up with former light industrial properties being converted into cafes and niche-style shops,” says Hill. 

“Ultimately, Morningside is a smart place to base a business due to its location, connectivity and the benefits of the community, who are forward thinking and looking to improve the offerings in the area, making it more appealing for staff and clients” he says. 

The property is for sale/lease through an Expressions of Interest campaign closing 4pm, Thursday 12 April 2018 (unless sold or leased prior)