Multi Tenanted Mixed Use Standalone

19 Williamson Avenue, Grey Lynn


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Multi Tenanted Mixed Use Standalone | 19 Williamson Avenue, Grey Lynn | 1686237 |      X Close

Multi Tenanted Mixed Use Standalone

• A rare city fringe opportunity offering commercial and residential components

• Multi-tenanted three level building on a 278sqm standalone freehold site

• Existing cash flow of circa $120,600 p.a. from a mix of commercial tenancies

• Currently owner occupied 2-bedroom superior apartment provides options

• Favourable Business - Mixed Use zoning provides future site development opportunities

This multi tenanted mixed use property represents a unique opportunity in the highly sought after Grey Lynn/Ponsonby precinct of Auckland's city fringe, and is located approximately 300m from the vibrant Ponsonby Road retail and hospitality precinct and Vinegar Lane development.

Refurbished to a very high standard in 2014/2015, the existing building sits over three levels, including lower ground level secure parking/storage, ground floor retail and studio space and a boutique 130sqm 2-bedroom apartment with 45sqm expansive deck on the upper level, and all just a short stroll from Ponsonby Road and the nearby Vinegar Lane development.

Current rental income is circa $120,600 p.a. from a mix of commercial tenancies, including retail, workrooms and storage units.

Existing onsite secure parking could be increased by the removal of the storage units, providing greater purchaser options.

The superior upstairs apartment is currently owner occupied, however this will be vacant upon possession, with a rental appraisal of between $950 and $1,100 per week providing opportunities for purchasers to add income or occupy.

This is an extremely rare opportunity in this location, call the sole appointed agents now for further details including comprehensive information memorandum.

19 Williamson Avenue, Grey Lynn

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