Buyers eye ‘entry-level’ office in city-fringe commercial stronghold
A modern full-floor office for sale is being marketed as a rare “entrylevel” purchase for investors and owner-occupiers in the burgeoning Auckland city-fringe commercial stronghold of Grafton.
The approximately 186sq m freehold commercial unit with five secure carparks sits at level four of a smart five-storey commercial building on Khyber Pass Rd.
The self-contained office with plenty of natural light, a pleasant outlook and high-profile street exposure is fully leased, with future opportunity for another business to move in.
It is occupied by Archifact – Architecture & Conservation, a practice specialising in building design and heritage management for private, public and institutional clients. The current lease term runs through to February 2025.
This lease, and a carpark rented to another tenant on a periodic basis, generate a total net annual rental return of $71,260 plus outgoings and GST.
The property sits strategically near the city centre, universities, Auckland Hospital and the future Maungawhau City Rail Link station in a precinct that has attracted numerous major commercial occupiers.
The freehold office unit at 64C Khyber Pass Rd is being marketed by Phil Haydock, Jack Kiely and Tony Chaudhary of Bayleys Real Estate by tender closing Wednesday April 24, unless sold earlier.
The office for sale sits in the front building of a two-building residential and commercial complex. The building contains four full-floor commercial units, with the five secure carparks associated with the fourthfloor unit located in the basement level, with direct lift access.
Haydock said the building had recently received notable improvements including a full exterior paint, a new lift and new timed front-door electronic locks. “Together, these will help give new owners confidence with respect to its condition and ongoing maintenance costs.
“This modern freehold unit presents a rare entry-level opportunity to buy a central office space with five secure carparks in a sought-after and highly convenient position.
“It stands out as an attractive fully leased investment with an established tenant.
“Equally, it will appeal to owneroccupiers looking to move into the quality workspace upon lease expiry,” said Haydock.
Kiely said the property’s position in a high-profile building with prominent exposure to a busy arterial road was a key attribute.
The property sits within the flexible Business–Mixed Use zone under Auckland’s Unitary Plan. Permitted activities include residential accommodation, offices, retail, food and beverage, and healthcare.