UTTERLY UNIQUE CITY FRINGE OPPORTUNITY

Property listing ID: 780145

Bedrooms
8
Bathrooms
3
Land area
391m²
Price / method
Sold October 2019

Situated in the bustling city fringe suburb of Morningside this two-level industrial-style building was built circa 1950s to early 1960s and comprises both commercial and residential accommodation providing a myriad of possibilities for commercial or residential owner-occupiers, those with extended families and investors with an eye on future redevelopment. The upper level has been converted into residential living and is presently split into two separate New York style apartments- a 120sqm two-bedroom apartment and a 240sqm six-bedroom apartment. Both residences are tastefully appointed and feature generous living spaces with Oregon pine floors, timber ceiling trusses, timber sarking and large open plan kitchens with breakfast islands, quality concrete benchtops, and premium appliances. Sliders open right up to a large approx. 40m2 central shared deck for an easy extension of the living space. The ground level of approx. 400m2 contains a warehouse with a high stud ceiling and a lock-up facility which is currently utilised for car parking and storage. A commercial office with road frontage, a commercial stainless-steel kitchen, and two separate toilets complete this level. Occupying one freehold title, under Auckland City Council Mixed use Zone, the property can be sold with vacant possession, however, flexibility is available with the current tenants. Morningside has evolved in the past five years to become a thriving commercial and residential hub attracting city inhabitants that integrate work, home, shopping and transportation. Credited as a main driver of this change is the hugely successful and community centric CRAVE Cafe which commenced as a start-up business operating from 25 McDonald Street in 2008. The café is now located directly across the street and adjoins the 'Morningside' precinct. New North Road provides easy access to the CBD, and motorway access, the Morningside Rail Station, Westfield St Luke's and other city fringe suburbs are also in close proximity.

Listed by Barfoot & Thompson , Murray Tomlinson (City Commercial) , Mt Albert Residential Sales (Mt Albert)