Modern provincial offices for sale in Hawke’s Bay
The premises housing one of Hawke’s Bay’s oldest law firms, other professionals and the world’s biggest submarine sandwich franchise have been placed on the market for sale.
The 2126-square metre site includes a 1350sqm industrialstyled office building at 9 Herbert St in the centre of Waipukurau, Hawkes Bay.
The original building was converted into an architecturally designed law office, by Wellington firm KebbellDaish from Wellington.
The property’s has a mix of rural focused tenants.
The renovation involved an extensive upgrade of the exterior building and the construction of pod-type offices within a large open-plan space.
The main tenant is DAC Legal, along with project management consultancy firm ProjectHaus, The Surveying Company HB and farming IT consultancy Cloud Farmer.
Also within the building is a Subway outlet.
Baylyes Napier salesperson Kerry Geange said the property offered a ‘split risk’ investment opportunity with the five tenants operating in various industries.
The land is zoned Business 1 – Inner Commercial under the Central Hawke’s Bay District Council
Plan. The four lead tenancies generate net annual income of $159,736 plus GST.
The property is located on a high-profile corner in cental Waipukurau close to the town’s main retailers and providers, Geange said.
The building has 30 car parks for staff and visitors.
The sawtooth angled roofline of the building allowed for high
service stud ceilings and natural lighting, Geange said.
The reconfigured front offices and workspaces has created separate modern work environments comprising a mix of polished concrete, richlygrained wooden flooring, closed and open-plan spaces. A feature has been made of both the trellised steel beams and the original wooden beams which span the overhead space that is lined with acoustic dampening material, he said.
Floor to ceiling hush glass runs along the northern side of the building.
The Subway outlet includes a dining floor, public-facing food preparation benching, and walkin chiller storage units and staff amenities.
The Central Hawkes’ Bay District Council identifies Waipukurau as an area of current and projected growth in line with the district’s high rate of growth in the past few years. The council forecasts 1449 new houses and a population exceeding 18,000 in Central Hawke’s Bay by 2031, he said.