Positioned just off the city end of Great North Road, the three-level freehold property with dual street frontage presents seldom-seen versatility that will appeal to a variety of owner-occupiers and investors.
It is being offered with vacant possession or with holding income from the warehouse of $37,700 plus outgoings and GST per annum.
The property at 15 Nixon Street, Grey Lynn, Auckland, is being marketed for sale by James Were and Phil Haydock of Bayleys Auckland Central and Bayleys Residential sales specialists Julie and Trent Quinton.
Sale is by way of a tender closing on Tuesday 9th August, unless the property is sold earlier.
Were said the offering consisted of an approximately 531-square metre building on a fee-simple site of some 291-square metres with five car parks.
“Originally constructed circa 1979, with the penthouse apartment added in the early 2000s, this is a well-presented standalone building with an A-grade seismic rating.
“It offers a rare combination of residential, office and warehouse premises, each on its own level with separate access.
“This adds up to some unique possibilities for buyers, be it those seeking a live/work option on the CBD fringe, luxury home with a commercial income stream, or a mixed-use investment with unusually high diversification.
“The property’s location in an increasingly fashionable residential and commercial precinct will both be a strong lure to owner-occupiers and support the attraction of new tenants,” said Were.
Julie Quinton said the upper level featured a spacious high-end apartment of some 291-square metres, with three double bedrooms and two bathrooms.
“High ceilings along with large multi-use living and dining areas and a stylish, well-equipped kitchen emphasise a feeling of spaciousness and luxury,” she said.
Trent Quinton said the master bedroom boasted a balcony, a large walk-in wardrobe and ensuite bathroom.
“The other two bedrooms and bathroom/laundry provide separation from the master bedroom, offering excellent privacy to family and guests,” he said.
The apartment has its own access off Nixon Street and includes secure two-car garaging.
Haydock said the commercial premises included some 113-square metres of modern, well-appointed office and amenities.
This is located below the apartment with its own access off Nixon Street.
“On the lower level is a functional high-stud warehouse and mezzanine of some 126-square metres, with roller-door accessibility. This tenancy is accessed from the rear of the building off Monmouth Street but also benefits from internal access from Nixon Street,” said Haydock.
Zoned Business – Mixed Use under the Auckland Unitary Plan, the Nixon Street site lies in an increasingly sought-after precinct along the CBD-fringe stretch of Great North Road.
“This fast-developing boulevard-style precinct is giving rise to numerous boutique apartment blocks and high-end retail outlets and is home to one of the city’s most impressive line-ups of prestige-brand car yards.
“Located just off Great North Road, Nixon Street offers ease of travel between the central city and affluent city-fringe suburbs such as Ponsonby, Westmere and Kingsland.
“The bustling hospitality and shopping strips of Ponsonby and Karangahape roads are a short walk away, while good public transport and handy motorway access make this a great base for getting around the city,” Were said.