Normanby Road

51 - 63 Normanby Road, Mt Eden


Purchased in May 2007, this Mt Eden property matched Location Group's long term investment and redevelopment strategy.  The property comprises a 7,773 sqm freehold land area (with an 87 sqm road frontage) and has 6,323 sqm of existing office / warehouse buildings.  All buildings are leased to five different tenants, running from two years to nine years in term.

Located on Normanby Road, with great access to the motorways and surrounded by redevelopment, this site has a higher and better use in the future, in one of Auckland's fastest growing, city fringe locations.

Viewed as a long term hold for the Group, this property in time, will form an excellent opportunity to redevelop into a higher commercial use with the potential to more than double the GFA currently on the site.