The commercial and residential building at 10 York St in central Parnell.
An immaculately presented commercial and residential building in central Parnell, with a flexible mixed use zoning permitting a wide range of uses, is for sale with vacant possession as part of Bayleys' latest Total Property portfolio.
The three-level standalone building located on a 173sq m freehold site at 10 York St in the Auckland Boys Grammar zone is being marketed by Cameron Melhuish and Mike Adams. It is for sale by tender closing May 24, unless sold prior by private treaty.
"Constructed in the 1980s for the current owners, the building has been significantly refurbished both internally and externally," says Melhuish.
"It provides covered and secure ground floor parking for six vehicles, contemporary office space on Level 1 and a spacious and elegant two-to-three bedroom penthouse apartment on the top level."
Melhuish says the typically 1980s construction incorporates blockwork walling and concrete floors, aluminium joinery and a steel roof.
"Added features such as the substantial fixed-blade louvre system on the building's York Street frontage and the modernisation of joinery and the roofing system creates a more contemporary feel. A comprehensive strengthening upgrade has been completed and the building has an A Grade seismic assessment."
Adams says all internal spaces have been meticulously refurbished to a high standard. The 119sq m office floor is column free and has a largely open plan configuration which would suit a wide range of businesses. It is fully self-contained, complete with separate male and female toilets and a kitchen, is air-conditioned and has recently been repainted and re-carpeted. The office opens out onto a 19sq m enclosed terrace.
Adams says the penthouse apartment provides 139sq m of internal living space. A spacious open plan kitchen, living and dining area opens into a 13sq m terrace loggia area, enclosed with a breezeway louvre shutter system and a motorised LouvreTec ceiling to provide weather protection.
Off the living area is a large double bedroom with a walk-in wardrobe and access to this floor's bathroom which has a double vanity unit, shower and two toilets. A third room, originally intended as a media room, is currently utilised as an office but due to its size could easily be used as another bedroom. This floor also has a fully equipped laundry.
The main bedroom is on a mezzanine level, providing a large double bedroom with sizeable walk-in wardrobe and ensuite.
"Significant glazing, including sky-lighting in the roofing, ensures much natural light," says Adams. "It's high spec, with a fully wired Bose sound system, an outdoor tap on the terrace for watering plants, a hidden Chubb safe, and a fully integrated alarm system. There is plenty of handy storage."
Melhuish says the property's current mixed use zoning, which is retained under the Proposed Auckland Unitary Plan, allows for a wide range of commercial and residential uses and offers lots of options ether for an add value investor or an owner occupier.
"Some looking at it are interested in retaining its current configuration and using it for living and working; others are considering a full office or residential conversion, an attractive option because the property is in the Auckland Boys Grammar zone. Flexible zoning opens up many possibilities."
Melhuish says another major attraction is a Parnell location, with York Street running off the CBD end of Parnell Road, at the centre of the main commercial precinct known for cafes, restaurants and diverse retailing.
"Proximity to the CBD and motorway connections off Stanley Street attract high calibre businesses looking for exclusivity and character."