Polished office unit in upscale Parnell
An immaculately presented city-fringe office offers small-to-medium businesses the chance to be their own landlord, surrounded by some of Auckland city’s most exciting planned developments.
Recently refurbished to high specifications, the 85sq m unit at 11C Augustus Tce is one of six commercial units located on the ground floor of the luxury apartment building Hemisphere.
Bayleys Auckland’s director of commercial leasing, Ben Wallace, says the premises, with three secure carparks, is proving popular with mid-sized firms re-evaluating their office needs amid the new economic cycle.
“Some operators are looking to hybrid working models, optimising office space for flexible work strategies.
“As we look to the new year with greater economic certainty and a new government at the helm, we expect a greater proportion of smaller businesses to upgrade, seeking high-quality accommodations in amenityrich locations.
“Leasing activity across Auckland is particularly buoyant right now, with the subject property presenting an opportunity for investors to leverage this interest to install a tenant as demand is high for turn-key assets.”
Wallace is marketing the premises with James Were via tender closing at 4pm, Thursday November 23, unless sold prior.
The north-facing freehold office suite is part of a mixed-use development with views of the Hauraki Gulf near Parnell Rd.
Were says the versatile configuration lends itself to an open-plan work environment with a generously sized, glasspartitioned
boardroom at the front of the unit.
“Specifications include acoustic tiling, new dish drawers and a hydro-tap, modern bathroom amenities, and the ability for the new owner to acquire stand-up desks as part of the property transfer,” Were says. “Parnell remains one of Auckland’s most desirable and prestigious locations, close to the vibrant Parnell Village with its high proportion of restaurants, upscale retail and art galleries.
“Besides local amenities, the unit is moments away from Auckland’s downtown CBD, Parnell train station, the medical precinct and the port motorway system.
“Although Parnell is a long-established metro hub, significant investment in the immediate area courtesy of large commercial property owners underpins confidence for investors.
“More than $200m worth of new developments are in the works currently, including architecturally designed mixed-use premises on York St, premium office developments down the road and along The Strand, a 54-room Wyndham Hotel and the Edition luxury apartment project on Churton St.
“Significant capital outlay is a massive endorsement for the growth profile of the area and a meaningful indication of potential value growth for the subject property,” Were says.
“A high wealth demographic further attracts a strong calibre of tenants, underscoring the value proposition for a new purchaser.”