This well-presented inner-city commercial property offers an outstanding opportunity for owner-occupiers, investors, and developers looking to secure a strategically positioned asset with either immediate functionality or exceptional future potential.

Resource consent already in place for the combination of both residential and commercial income streams.

Set on 506sqm of freehold land, the property is improved by a commercial building currently configured as two self-contained retail/warehouse units of approximately 247sqm each. Currently owner-occupied and/or utilised for warehouse storage, the building provides flexibility for continued occupation, leasing, repositioning, or redevelopment.

Adding significant value, the vendors have obtained resource consent from Council for a comprehensive mixed-use redevelopment, creating a clear pathway to unlock the site’s full potential.

The approved resource consent permits:

Two ground-floor retail/commercial units of approximately 63sqm and 90sqm, positioned to maximise exposure along busy Eruera Street, with excellent pedestrian and vehicle traffic.

Sixteen residential studio apartments across two upper levels, ranging from approximately 30 to 39sqm with decent sized balcony. These thoughtfully designed studios are well positioned to cater to be part of growing demand for quality, low-maintenance inner-city accommodation or retaining long term capital profit.

This consented mixed-use scheme delivers an appealing combination of commercial frontage and residential density, aligning with current urban intensification trends while offering the potential for diversified income streams and long-term capital growth.

The approved scheme also allows flexibility for variations to the development.

Contact Eden on 021 1837271 or Michael on 021 2127256 today for further information.