Split Risk Freehold Standalone


46-48 New North Road, Eden Terrace

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Split Risk Freehold Standalone | 46-48 New North Road, Eden Terrace | 1691855 |      X Close
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Split Risk Freehold Standalone


• Character 379 sqm freehold standalone in Eden Terrace

• Profile ground floor retail, offices or residential above and car parking to rear

• Part tenanted to long-standing cafe tenant with balance offered vacant possession

• Occupiers, add value, or invest

Standing proud on New North Road, this character building offers its new purchaser a range of opportunity. Occupying the majority of the downstairs is the popular and long standing Delissimo cafe which is a beautifully refurbished tenancy complete with outdoor decking at the rear. Upstairs has up until recently been utilised as offices. The potential is adding value through refurbishment or re-instating two residential flats which the space originally was.

The property is in Eden Terrace, a vibrant and eclectic commercial and residential location. Its popularity stems from its convenience to the Auckland Central Business District and neighbouring suburbs of Grafton, Mt Eden, Kingsland and Newmarket.

The game changer for the immediate location will be the completion of the planned City Rail Link's Mt Eden Station. Positioned almost adjacent to the portfolio offered for sale, the Mount Eden Station will be enlarged and redeveloped, with land acquired in the immediate vicinity potentially providing more than 100,000 square metres of residential and commercial investment which will add significant value to this location.

Owner occupiers, investors, add value investors and work-live operators, this is a rare opportunity to secure a position in what is expected to be one of the City Fringe's biggest commercial and residential locations with the advent of the CRL's Mt Eden Train station and associated development.

Adjacent sites also available for purchase individually or together:

44 New North Road, Eden Terrace

https://www.trademe.co.nz/a/property/commercial/sale/listing/2973493818?bof=mKpscpIO

52 New North Road, Eden Terrace

https://www.trademe.co.nz/a/property/commercial/sale/listing/2973506515?bof=B7gsesNi

46-48 New North Road, Eden Terrace

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