20 Newton Road

Live/Work & Income All In One

As the exclusive agent, JLL is pleased to present 20 Newton Road, Grey Lynn for sale.

• Affordable freehold commercial building within Auckland’s CBD fringe
• Live / Work option in a highly sought-after location near Ponsonby and K’Road
• Rental income of $47,000 + GST p.a. coming to you from the ground floor tenant
• The first floor is ready to be occupied
• Explore genuine add-value options

20 Newton Road is a rare opportunity conveniently located at the gateway to Grey Lynn just seconds from SH16 Motorway on and off-ramps. The property sits on the doorstep of both Ponsonby and Karangahape Roads and is within easy walking distance to some of Auckland’s most acclaimed cafes, bars and restaurants.

20 Newton Road delivers 437sqm of versatile total floor area and has 4 carparks. It holds a 90% NBS seismic rating and sits on a 303sqm freehold site. The building has two levels with a commercial tenant occupying the ground floor on a monthly basis whilst the first-floor is vacant, lending itself to what could be your new apartment, a live/work residence, or an open-plan office space.

The property has recently been subdivided into two separate strata-titled units, offering flexibility to the new owner with an option to sell one of them in the future. A resource consent is also in place providing for a genuine scope to add value by creating three separate apartments within the first-floor space.

This property offers a rare opportunity to secure an entry-level commercial building within Auckland’s CBD fringe with a host of options.

20 Newton Road is being offered for sale by Auction at 11:00am, Tuesday 8th December 2020 (unless sold prior)
Auction Location: level 16, 188 Quay St, Auckland Central.