597 and 599 New North Rd, 4 Western Springs Rd, Morningside, Auckland

Morningside magic - buy one, two or three!

• Three contiguous freehold properties for sale together or individually
• 3,450sqm freehold land held in four titles zoned Business - Local Centre
• One building with a long-term lease and two buildings with short-term leases

597 New North Road - A 1,200sqm warehouse/retail building which has been fully upgraded to a boutique brewery, restaurant and distribution centre for Urbanaught Brewing Company, who have an 8-year lease (from 2021) returning $245,000pa + GST. The property sits on a 1,378sqm land holding with two road frontages

599 New North Road - A 461sqm office/warehouse/retail building with 8 car parks, with huge exposure to New North Road. The property sits on an underdeveloped 760sqm landholding.

4 Western Springs Road - A 1,025sqm two-level office/warehouse building with 18 car parks. The property has a short-term lease on the ground level to an established printing company and a vacant office level above. The property sits on 1,312sqm of land in 2 titles

Combined, the properties offer a total of 3,450sqm running between New North Road and Western Springs Road, metres from the Morningside train station and Kingsland Village, providing huge future redevelopment upside.