Ideal Grey Lynn owner-occupier or investor buy

"It’s a superb a corner site with great natural light and elevated, panoramic views across Newton Gully," says Colin Stewart of Barfoot & Thompson Commercial who, with colleague Cam Paterson, is marketing 7 Burns St, via a tender process closing at 2pm on May 17 - unless it is sold beforehand by negotiation.

Zoning

The property, with a flexible Mixed Use zoning under the Auckland Unitary Plan, is held in one freehold land title of 1106sq m. The building has a total gross floor area of about 1185sq m and comprises a mixture of office/warehouse space on the upper level and warehouse space below. It comes with 22 car parks.

Paterson says the property is close to the Auckland CBD and major arterial routes. "Grey Lynn is experiencing strong rejuvenation with major developments like Vinegar Lane, Bunnings and the Cider Building which will increase catchments and provide future opportunity for well positioned properties like 7 Burns St," he says.

"The surrounding intensification will provide the suburb with stronger rental rates and capital appreciation, making this a great area to invest."

Designed by Auckland-based architects Goode, Couch & Christie for DFA. Properties and constructed in 1973, the building has an overall construction of concrete foundations and floors; with concrete and concrete block walls; and long-run steel roofing. The internal walls are plasterboard complemented by aluminium joinery.

The building faces Monmouth St, to which it has a 32m frontage as well as having a 35m frontage to Burns St. On-site asphalt sealed parking is accessed from both streets with 12 vehicle spaces located on the Burns St level and 10 spaces on the Monmouth St level - where there is also roller door access.

Features

The top-level floor plate measures about 32m long by 19m deep, and encompasses 552.1sq m of offices and 70.6sq m of warehousing for a combined area of 622.7sq m. The upper level includes: a reception area, a front office, a central showroom, a large office on the eastern side, two rear offices, two toilet rooms, a kitchenette area, a rear kitchen with a Formica top sink bench and cupboards, a showroom, a large rear open general workroom, a front warehouse having a suspended ceiling accessed via a steel roller door; and an area at the western end subdivided into a front showroom, small side office, toilet room with a hand-basin and a rear showroom.

The lower floor is around 32m long by 17m wide with a stud height of 4m and a floor area of approximately 562sq m.

It comprises a lower level warehouse dissected by four pillars and has two steel roller doors accessed from Monmouth St. It also has a small amenities area at the western end with a toilet, vanity unit, and a goods receiving area.

An internal stairwell to the Burns St side of the building provides access between the floors.

The site

The site is rectangular, but with a 50sq m indent on its western corner, and slopes upwards from Monmouth St. The building follows this topography, with two-storeys adjacent to this road frontage, reducing to a single storey adjacent to the Burns St access.

Burns St is a two-way road that runs down from its intersection with Great North Rd to the north while Monmouth St to the east is a short cul-de-sac, allowing for two-way traffic flow. To the west Burns St is a one-way street that can be accessed from Kirk St and Waima St.

Stewart says the site is close to the big arterial intersection of Great North Rd, Karangahape Rd and Ponsonby Rd.

"It is very accessible, with excellent access to the motorway network via the Newton Rd on-and-off ramps.

"The Newton Primary School is on the opposite side of Monmouth St behind a row of mature pohutukawa trees. The general area is otherwise that of a traditional service and industrial precinct which continues to evolve with an expectation of increasing residential development.

"This location will be positively impacted by the significant infrastructure projects currently underway including the new motorway access to the airport and southwestern corridor via the nearly completed Waterview Tunnel," Stewart says.