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Morningside warehouse investment with options

9 McDonald Street, Morningside

Industrial Buildings
dollar

Deadline Sale

Floor area
886m2
Title type
Freehold
On this page:

Deadline sale

Wednesday
4:00pm
02
Sep

Map

Property details

Listing # 1781391 | Listed on 3 August
  • 886sqm (approximately) standalone warehouse with 13 car parks
  • 814sqm (more or less) freehold landholding
  • Development Intensive Business – Mixed Use zoning
  • Fully leased returning $112,299 + GST (if any)

Offered to the market for the first time in over 50 years, this standalone warehouse presents a rare opportunity to secure a versatile asset in one of Auckland's fastest evolving precincts. The 886sqm building comprises two levels of high-stud, clear span warehouse with vehicle access to both floors, providing functionality and flexibility.

Fully leased to two tenants, it provides immediate holding income while investors, owner-occupiers and developers explore the significant upside. The Development Intensive zoning offers scope to repurpose, reposition, redevelop or occupy as
market conditions evolve.

Positioned in the heart of rapidly transforming Morningside and surrounded by substantial residential and commercial investment, this is a tightly held opportunity with multiple pathways to create value. The property can be purchased together with the neighbouring 10 Collins Street, creating a landholding of approximately 1,629sqm.

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