Kingsland character offers live-work lifestyle

The converted character villa at 493 New North Rd, Kingsland. Photo / Supplied

A converted character villa, with two levels of office, retail and residential space, allowing for a live and work lifestyle, is for sale with vacant possession in Kingsland.

"It has a superb location with a high profile to a main city arterial route," says Cam Paterson of Barfoot & Thompson Commercial who, with colleague Ben Jamieson is marketing 493 New North Rd for sale by tender closing at 3pm on Thursday November 1.

The property, with a rent appraisal of $95,000 per annum, comprises an early 1900s building which has been extended by additions with a total split-level floor area of approximately 280sq m on a freehold 329sq m site. Two internal secure car parks are accessed via a roller door while another open car park is at the front of the building.

"The site is rectangular in shape with a 13 metre frontage to New North Rd and a depth of 28 metres," Paterson says. "The building occupies the southern and western boundaries with a driveway to the east and 100sq m of vacant land to the north.

"The 140sq m upper level of the property faces New North Road and features a large sunny deck and bathroom – making it ideal for a small retail outlet or office space. A cavity above the upper floor level is ideal for storage. Anticipated rent at around $400 per sq m is about $56,000 per annum."

"The 140sq m lower level, with appraised market rent of $600 per week or $31,200 a year, can be accessed both internally and externally. It consists of a large self-contained one-bedroom residence with spacious living areas opening out to a sunny north facing deck and a well planted garden courtyard in which there is an accessory building."

The three car parks are appraised at $50 per week or a combined annual total of $7,800.

Jamieson says a Local Centre zoning allows for mixed use developments up to 13 metres in height with a greater population density provided for under the Auckland Unitary Plan. "This zone is designed to meet the local convenience needs of surrounding residential areas, including local retail, commercial services, offices, food and beverage, and smaller scale supermarkets.

"The property is situated in the heart of the Kingsland shopping centre close to popular restaurants, cafes, bars, boutique breweries, retail outlets and professional service providers including doctors and pharmacies.

"It also benefits from being relatively close to the Auckland CBD, having regular bus services and being close to major thoroughfares. It's a five minute walk to Eden Park - the venue for major sporting events while Kingsland train station is a two minute stroll away."

Jamieson says a council Initial Evaluation Procedure (IEP) report assesses the property at 50 per cent of New Building Standard (NBS).

Overall construction of the building is of concrete foundations; with concrete and timber floors; timber frame and walls; plasterboard internal walls; timber joinery and Longrun steel roofing.