434-448 New North Road, Kingsland Kingsland jewel - Strategic investment

Available PropertyFiles:

  • New North Rd, 434-448 - Floor Plans.pdf
  • New North Rd, 434-448 - IEP Report.pdf
  • New North Rd, 434-448 - Information Memorandum.pdf
  • New North Rd, 434-448 - LIM Report.pdf
  • New North Rd, 434-448 - Lease Documents.pdf

Property Description

Key features
• 617.3sqm two-level character building with the added bonus of 14 onsite carparks
• Positioned on a 749sqm freehold corner site with good profile and foot traffic
• Attractive split-risk income from five retail tenancies and three residential above
• Highly strategic Kingsland Village location, right by the train station and Eden Park
• Favourable Local Centre zoning with significant future growth potential

First time offered in decades, this is a once-in-a-generation chance to secure a prime piece of Kingsland real estate. A two-level character building with a huge profile on a 749sqm (more or less) freehold corner site with the rare benefit of onsite car parking.

Consisting of five shops at street level and three 3-bedroom flats above, totalling 617.3sqm (approximately), this property has an attractive split-risk annual income of $251,703.30. Arguably, under-rented, astute investors will recognise the upside on offer.

This is a location of strategic significance, next to the Kingsland Station, with the CRL set to further accelerate growth. The government has signalled up-zoning around CRL stations, with 15-storey heights proposed for Kingsland. Further, Council has backed the Eden Park upgrade, a massive $100m+ investment for the area that is set to boost the number of headline events.

The owners are also selling 460-466 New North Road, on the opposite corner of Edendale Road - together these properties form Kingsland's gateway to Eden Park and offer a larger opportunity to shape Kingsland's future.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.