Superbly situated city fringe site
Atwo-level building housing a GMP-certified medical laboratory and offices is for sale with vacant possession or with a short-to-medium leaseback in the Auckland city fringe suburb of Eden Terrace, between Upper Queen St and Symonds St.
Ben Jamieson and Cam Paterson, commercial sales and leasing agents with Barfoot & Thompson Commercial, Auckland Central, are marketing 15 Saint Benedicts St for sale by deadline private treaty closing at 4pm on September 27.
Jamieson says the property comprises one freehold land title of 334sq m occupied by a two-level building with a total floor area of about 463sq m and six car parks located at the front of the building. The ground and lower levels both have areas of around 231sq m each.
“This is a superbly located property built in the mid-1970s with office space on the upper level and the certified medical laboratory below,” he says. “The lower level was fully upgraded in 2012 and gives access to the medical laboratory from an internal stairwell and via an electric goods lift.
“It is fully certified and has laminated floors and wall linings.
“The ground floor offices are extremely well-presented with timber wall panelling, full height glazed partitions, solid plaster suspended ceilings and a wall mounted Hepa filtered pressurised air conditioning system.
“The lower level medical laboratory could be used as office space or converted to residential usage if needed,” says Jamieson.
He says the rectangular site slopes down to the west and has a frontage to St Benedicts St of 11m and a depth of 33m.
“The two-level building has views to the west, north and east.”
General construction comprises concrete floors; reinforced concrete beams and column frame; concrete block infilled walls; plasterboard and glass partitioned internal walls; aluminium joinery and Longrun steel roofing.
Paterson says the property benefits from being zoned Mixed Use under the Auckland Unitary Plan and from being close to the Auckland CBD.
“It’s also within the grammar zone, a short distance from Newmarket and Ponsonby, has regular public transport services.
“Good motorway access is available to the western motorway via the Newton Road onramp and to the southern motorway via the Khyber Pass ramp.”
He says the Unitary Plan provides for greater inner-city density as permitted by the Mixed Use zoning.
“As a result Eden Terrace is experiencing a strong rejuvenation as a suburb with multiple developments and refurbishments happening in the area.
“This is an increasingly popular and sought after city fringe suburb. The surrounding area is of a mixed nature and includes low to mediumrise commercial office and apartment buildings, the majority completed in the past 10 years, along with some older low rise commercial and residential buildings.
“The property is just a few minutes from the busy Symonds St with its bars, cafes, restaurants and shopping — and Karangahape Road, also a few blocks away with its contemporary art galleries, vintage clothing stores and numerous eateries offering a range of global cuisine.”
Paterson says developments completed in the area include The Saint apartment block and The Orange historic events and entertainment centre.
“And there are multiple developments under construction such as The Citizen, Lofts on Basque and the SKHY Apartments.”
He says the Auckland City Rail Link (CRL) will further benefit the location once completed, linking Mt Eden train station, a short distance away, directly to Auckland’s CBD.
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