Office with a view in central Takapuna
With stunning sea views and an unobstructed outlook to Rangitoto, a commercial office floor in the sought-after North Shore suburb of Takapuna will be highly appealing to investors or occupiers looking for a modern and functional premises.
Unit E, 95 Hurstmere Rd is part of a sixlevel commercial building, which includes one floor of basement carparking. The total floor area of Unit E, including two decks, spans 508sq m.
The property, zoned Business–Metropolitan Centre, has multiple tenants with all lease agreements finishing next year. The floor on offer returns $176,380 plus GST and operating expenses in net annual rental income.
With a prime location on Takapuna’s main arterial route, the property, constructed in the 1990s, is only minutes from Takapuna Beach and a host of popular hospitality options.
Colliers directors Janet Marshall, Matt Prentice and Shoneet Chand are marketing the property for sale by deadline private treaty closing at 4pm on Tuesday 15 November, unless sold prior.
Marshall says the property offers a versatile space for occupants. “Unit E is located on the fourth level and accessed via a single lift from the ground floor.
“The floor is divided into two tenancies and the anchor tenancy, located at the western end, serves as a corporate head office that spans 239sq m and has only minimal partitioning with an open-plan kitchenette.
“The tenancy located at the eastern end makes up the balance of the floor and is fully partitioned into several offices, meeting rooms, and circulation areas and incorporates a large kitchen area, which has direct access to the outdoor deck. This area is home to seven tenants.”
Prentice says the short-term nature of the existing leases provides optimal flexibility for prospective purchasers. “With all of the current tenancies ending in 2023, owneroccupiers may look to secure this floor as their new premises, while enjoying the diversified income stream on offer as they finalise their impending move,” Prentice says.
“On the other hand, investors may see the potential in this offering and choose to lease the property and grow the current rental return.”