Mt Eden office building good to grow

8:48 PM Tuesday March 27, 2018 Paul Charman

The building is on a busy route just south of Dominion Rd-Balmoral Rd intersection. Photo / Supplied

A single-level home adapted for commercial use is for sale at 673 Dominion Rd, Mt Eden.

Barfoot and Thompson agents Melissa He and Jane Tang are selling the well-maintained single-level building, which they say is of solid weatherboard construction.

The location, on a busy arterial route just 500 metres south of Dominion Rd-Balmoral Rd intersection, is superb, they say.

“This property — which had a major refurbishment taken in the late 1990's — offers walking distance to the vibrant balmoral village and the local amenities,” adds He.

“There are seven off-street parking spaces at the rear of the property, and access to the building from the car park is provided for.

“The building has been well maintained throughout the years, having long been used as a professional offices.

“It still presents a good general condition for the current layout.”

He says the most recent rating valuation of the freehold 539sq m property was $1,575,000.

“Council rates are now set at $8130.18 and insurance at $2960 net.

The property, which goes to auction at 10am, on April 19, is being offered for sale with vacant possession from June 1.

He says the Mixed Use zone is highly conducive to development, with an occupiable building height of 18m provided for, plus an additional two metres of roof space.

“The Auckland Part Operative Unitary Plan has applied a very useful zone to this area. The Mixed Use zone is very much is in line with general council policy of encouraging accommodation density in areas with nearby access to public transport, such as Mt Eden.

“And it clearly demonstrates the potential for future development at 673 Dominion Rd,” says He.

“The property is perfect for an owner-occupier who can bring their business here, grow it with the high traffic passing each day and bank on the zone to provide future up-side.”