85 Jervois Road, Ponsonby, Auckland City, Auckland

Nestled in a sought-after Herne Bay locale, 85 Jervois Road combines historic charm, split-risk and development potential. With four separate tenancies on a live-zoned site, the property will attract occupiers, developers or investors.   The mixed-use building consists of two unique commercial tenancies in the front half of the building. The first has a retail aspect with studios above, the second a double stud height with a mezzanine. Both can be joined. The two residential flats at the rear are equally unique and always let. This creates huge opportunity for investors wanting to add-value or occupiers wanting a new base with additional income.   There is considerable underlying land value that developers will cherish with the 506m2 Business-Mixed Use zoned land allowing for a potential build height of 18 metres. This would capitalise on the harbour views gained via vertical construction.   Positioned close by Ponsonby Road, the property enjoys seamless access to the many amenities nearby. Additionally, the CBD, Viaduct, and Ferry Terminal are conveniently reachable within a short ten-minute drive.   This mixed-use opportunity with development potential offers all buyer types a chance to own a charming building in New Zealand’s wealthiest suburb. The property is being sold via Deadline Private Treaty closing 2pm, Thursday 29th May 2025 (unless sold prior).   Contact the sole agents to arrange your viewing and gain further information today.

Features:

• Charming mixed-use property with four tenancies
• 506m2 Mixed-use zone property with 18m build height potential
• Two commercial tenancies and two x 1 bedroom apartments
• Flexible leases that will attract occupiers, investors and developers
• Returning $179,512 net p.a + GST
• Located in New Zealand’s most exclusive residential suburb

More information: https://www.colliers.co.nz/p-NZL67034215