Morningside warehouse investment with options
• 886sqm (approximately) standalone warehouse with 13 car parks
• 814sqm (more or less) freehold landholding
• Development Intensive Business - Mixed Use zoning
• Fully leased returning $112,299 + GST (if any)
Offered to the market for the first time in over 50 years, this standalone warehouse presents a rare opportunity to secure a versatile asset in one of Auckland's fastest evolving precincts. The 886sqm building comprises two levels of high-stud, clear span warehouse with vehicle access to both floors, providing functionality and flexibility.
Fully leased to two tenants, it provides immediate holding income while investors, owner-occupiers and developers explore the significant upside. The Development Intensive zoning offers scope to repurpose, reposition, redevelop or occupy as
market conditions evolve.
Positioned in the heart of rapidly transforming Morningside and surrounded by substantial residential and commercial investment, this is a tightly held opportunity with multiple pathways to create value. The property can be purchased together with the neighbouring 10 Collins Street, creating a landholding of approximately 1,629sqm.
• 814sqm (more or less) freehold landholding
• Development Intensive Business - Mixed Use zoning
• Fully leased returning $112,299 + GST (if any)
Offered to the market for the first time in over 50 years, this standalone warehouse presents a rare opportunity to secure a versatile asset in one of Auckland's fastest evolving precincts. The 886sqm building comprises two levels of high-stud, clear span warehouse with vehicle access to both floors, providing functionality and flexibility.
Fully leased to two tenants, it provides immediate holding income while investors, owner-occupiers and developers explore the significant upside. The Development Intensive zoning offers scope to repurpose, reposition, redevelop or occupy as
market conditions evolve.
Positioned in the heart of rapidly transforming Morningside and surrounded by substantial residential and commercial investment, this is a tightly held opportunity with multiple pathways to create value. The property can be purchased together with the neighbouring 10 Collins Street, creating a landholding of approximately 1,629sqm.
Key features
Zoning
Development Intensive Business - Mixed Use
Parking
13 car parks
Passing income
Fully leased returning $112,299pa + GST (if any)
Land area breakdown
814sqm (more or less) freehold landholding
Need help with finance?
Vega is Bayleys’ preferred finance adviser for business, providing advice services across residential, business, property development, commercial lending and insurance.