Newmarket unit versatile, well-located on city fringe
A versatile office has gone up for sale with vacant possession on a prominent site in Auckland’s Newmarket.
The self-contained first-floor office sits in a corner position within a multi-unit commercial complex on Khyber Pass Rd.
Its flexible zoning and configuration is expected to give the property wide appeal among owner-occupiers, investors and tenants in a suburb with a burgeoning status as a city-fringe office location.
The site also benefits from its position close to Broadway, Auckland Domain, key transport links and the popular eat-shop-play heart of Newmarket, including the new Westfield shopping centre.
Unit 11, 375-389 Khyber Pass Rd, Newmarket, is being marketed for sale or lease by deadline private treaty closing on Tuesday 26 April (unless sold or leased prior), through Bayleys Auckland Central.
Salespeople Ben Wallace, James Were and Phil Haydock said the offering consisted of a freehold stratatitled unit of some 226sq m with six car parks.
“The unit, as currently configured, offers an efficient open-plan workspace, a generous boardroom and a meeting room,” said Wallace. “This is a highly functional space with a generous stud height and excellent natural light. The unit is fully self-contained with modern kitchen and bathroom facilities.
“The site is very accessible, with dual access presenting opportunities to create multiple tenancies or to have separate entrances for staff and clients,” said Wallace.
Built in the mid-1990s, the office forms part of an 18-unit complex on a large mixed-use site of 3955sq m with access off Khyber Pass Rd and McColl St. Other occupiers include national flooring retailer Carpet Court, a law firm, an electronics business, a self-storage facility and a real estate agency.
Were said the sale came as Newmarket was experiencing a boom as a city-fringe alternative to the CBD as a commercial office location. “This area of Newmarket has seen a number of noteworthy commercial developments, including offices housing Mercury Energy, Vector, Fuji Xerox and, opposite the site for sale, the University of Auckland’s Newmarket Campus.”
Haydock said Auckland Council had identified Newmarket as a centre for strategic growth and intensification.
The Khyber Pass Rd site is Zoned BusinessMetropolitan Centre, which applies to centres which are second only to Auckland’s CBD in scale and intensity. “This recognises Newmarket’s role as a focus for commercial growth and development, served by a hub of high-frequency transport.”