Shops for sale on busy New North Rd
The 40-year-old building at 656-658 New North Rd has two shopfronts.
A chance to own property on New North Rd, just three minutes’ walk from Morningside train station, is available through JLL.
The freehold property is being marketed by the agency’s broker Alex Wefers via an expressions of interest process, closing August 24.
The 231sq m building at 656-658 New North Rd was built between 1910 and 1919 and has been in the same family for 40 years.
It has two shop fronts on busy New North Rd and adjoining residential accommodation.
The two-storey property has two residential tenants and one billboard lease. Neighbouring businesses in the block include a panelbeater and a cafe.
“This 247sq m site is zoned Business 4 at present, and is zoned for Mixed Use in Auckland’s Proposed Unitary Plan, which unlocks great potential for future development,” Wefers says.
The railway runs along its southern boundary.
“In recent years the Morningside area has seen a surge in high density accommodation, and it’s easy to see why,” Wefers says.
“It’s an appealing location given that you have Kingsland village a 15-minute walk away, and St Lukes shopping mall a 15-minute stroll in the other direction.
“Kingsland is a popular town centre full of cafes, speciality stores, restaurants and bars. St Lukes mall is one of Auckland’s main shopping centres and Westfield has plans to expand it to become the largest shopping centre in New Zealand.”
Travel to and from Morningside is easy by train. The property is just 200 metres walk from the station.
An aerial view of the New North Rd property which is close to Morningside rail station.
“The Western Line now runs every 10 minutes during peak time, making Morningside a very easy commute to the city. The train journey to Britomart takes 25 minutes.
“Once the City Rail Link opens that travel time will be reduced, and commuters will also have the option to travel to the new uptown stations. For example, Auckland Transport says the travel time between Kingsland station and the new Karangahape Rd station will be just six minutes.”
Morningside and Kingsland Train Stations are also the key access points to Eden Park, and the restaurants and bars in Kingsland town centre benefit from significant patronage before and after Eden Park events.
“It’s worth noting that this property is less than 2 km from Eden Park, or about 20 minutes’ walk.”
The property is also very handy to the Northwestern Motorway.
“It’s a 6km drive to the CBD. You can be in the city in 10 minutes in off-peak times.”
Wefers says this freehold property “deserves the attention of an investor with vision”.
“There is huge potential here, whether you do up the existing building or start from scratch.
“The residents in Morningside and St Lukes will be pleased to see this property put to good use.”