A once in a blue moon opportunity to secure a commercial villa along the high-profile strip of College Hill is finally here.
93 College Hill in Auckland’s Freemans Bay sits in an elevated position on the northern side of the well-established Freemans Bay strip.
The standalone property features a 143sqm floor area, occupying a prominent mixed-use site with an underlying 457sqm freehold title, two carparks at the front, up to four stacked carparks at the rear, and nestled between a residential villa to the left and a two-storey commercial building to the right.
This early 1900s villa has a typical floor plan with a central hallway and rooms to either side. The lean-to at the rear provides a small kitchenette, bathrooms, and laundry facilities. The building is sitting on a pile foundation and is elevated from the road. The timber framed structure has timber weather board cladding and a corrugated iron roof.
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The villa appreciates some original elements like tongue and groove timber flooring, character doors, and high ceilings with a veranda at the front door that adds to its appeal.
JLL have been exclusively appointed to market 93 College Hill in Auckland’s Freemans Bay, by way of auction at 10:30 am Thursday 2 December 2021, unless sold prior.
JLL Metro Sales Senior Broker Alex Wefers says gems like this are few and far between.
“College Hill is one of the best-known commercial strips in Auckland’s City fringe, particularly for small boutique businesses due to its character villas. The close proximity to the Auckland CBD, neighbouring Herne Bay and Ponsonby suburbs, as well as Auckland's Motorway network, makes for a very popular location,” says Wefers.
“93 College Hill is a high-profile property, sitting in a top-quality mixed-use zone location. A stand-alone freehold villa in such a desirable spot is extremely difficult to find.”
JLL Metro Sales Senior Broker Jason Armstrong says 93 College Hill offers versatile options for investors and owner occupiers for a variety of commercial uses, conversion back to residential, or a combination of both to create a live/work environment.
“The property offers vacant possession or a short-term holding income, a high land value component with additional redevelopment potential, a significant number of carparks which is absolutely favourable in a prime city fringe location, and strong population and business growth forecasts as well as demand for commercial and residential space”, says Armstrong.
“The central and convenient location coupled with a favourable business mixed use zoning has encouraged developers to buy up remaining large parcels. We expect various residential and mixed-use developments in the next few years to increase the population density and lift the area even further.”
- Article supplied by JLL
