Mt Eden warehouse has a 'novelty factor'

The Mt Eden warehouse property at 45B Normanby Rd is suitable for home and income use. Photo / Supplied

A Mt Eden warehouse, to be auctioned on June 21, has a large residential area allowing for family living, plus space to run a business on the premises.

The 340sq m refurbished warehouse and living space at 45B Normanby Rd is likely to attract attention due to its a relatively low capital valuation (CV) of $930,000, says Tanya Kwasza, of Ray White Broadway, Newmarket.

"In my view, there's a genuine novelty factor at play here," says Kwasza, who says she and her colleagues seldom see such a combination of features in one property.

"When it comes to liveability the polished concrete floors conjure up the feel of a New York loft apartment - it's a kind of funky, industrial, urban chic atmosphere. But equally, we know that a successful importing or service-based business could easily be conducted here.

"There's ample room for goods, or equipment and the property is zoned Commercial 8E, which provides for multi-use within the Commercial Industrial Zone.

"Upstairs are four bedrooms, two bathrooms, a kitchen, living areas and an office and this has all been newly refurbished to make living there more comfortable. Downstairs there's a double-stud warehouse, an area suiting further storage or an office, plus a warehouse lavatory."

The low maintenance property has the funky industrial feel of a New York loft apartment. Photo / Supplied

Kwasza says the family selling the property have lived there happily for 10 years, with the breadwinners operating an electrical business from the site.

"True, it doesn't have outdoor grounds or its own garden, but for all that this property has its compensations. "We're told the kids skated and played to their hearts content in the warehouse and outside areas, while later they benefited from being in the Double Grammar Zone.

"There are four external carparks and, if wanted, numerous additional vehicles, or even a large truck, could be packed inside the warehouse."

Kwasza says the low-maintenance property, which dates from the 1960s, is virtually at the bottom of Auckland Grammar playing fields.

"This is one of the most central spots to live in Auckland and only minutes to motorway access in any direction. The upstairs is comfortable, in fact, unusually roomy in this era of compact apartments.

"Plush new charcoal carpets add warmth and homeliness to the upper floor, where two of the bedrooms are super-sized - one even has its own sitting room. The bathrooms are well-sized for family living and a large laundry completes the upstairs," she says.

"The vendors' decision to sell, in order to go away to live in their bach, creates an unparalleled opportunity for somebody with a taste for central city living and working."