Parnell office unit for sale in character building

A Parnell office unit is for sale in the popular Auckland city fringe location, presenting a rare purchasing opportunity for an owner-occupier.

“It’s so difficult to find units to buy in Parnell,” says Conrad Traill of Ray White Commercial who is marketing Unit 2Q-2R at 128-130 St Georges Bay Rd for sale for an asking price of $949,000.

“For any businesses looking for a Parnell address this sale represents an unusual chance to move into a highly-sought after suburb close to the Auckland CBD.”

The 190sq m stratum-in-freehold tenure unit, in a building on a site zoned Business Mixed Use, is offered with vacant possession and comes with two car parks.

“The space is ideal for a range of small businesses looking for distinctive premises and in Parnell, the car parking is a big plus,” Traill says. “The unit comprises high-stud character space in an historic building that has recently been seismically strengthened. It also benefits from excellent natural light.”

The unit is on the first (top) level of a 1930s’ mercantile-styled building which has recently been upgraded to 67 per cent of new building standard (NBS), says Traill.

“Recent seismic strengthening work has brought the building up to standard and the code of compliance certificate has just been issued,” he says.

“This is a big plus for the new owner, who will be able to take possession of this unit secure in the knowledge that all the required seismic work has been completed and signed off.”

Like others in the building, the unit has several character features which have been preserved and highlighted including polished timber floors throughout, exposed brick walls and steel trusses.

A mezzanine area houses a bathroom and shower and the space’s ambient temperature can be easily maintained via three heat pumps.

The unit is part of a body corporate that is professionally-managed by an independent property company, ensuring any issues that may arise are dealt with quickly and efficiently, says Traill.

He says the building is constructed of reinforced concrete and floor slab foundations with concrete frame, timber trusses and purlins and metal roof cladding. The window joinery is a mixture of aluminium, metal and timber; and the internal walls are plasterboard and exposed brick.

“This part of Parnell has undergone significant regeneration in recent years and property here is now very tightly-held. For occupiers wanting to relocate to this area, this sale represents a great chance at a time when there are very few units available, either for lease or purchase.” Traill says.

“The unit is also in a location which has been given the thumbs-up by large-scale property developers as well as several major corporate occupiers,” says Traill.

“Mansons’ big commercial office development is about 100m up the road, while Krukziener Properties’ redevelopment of 99 St George’s Bay Rd and Phillimore Properties’ work on the nearby historic Textile Centre are further testimony as to the attractiveness of this location for tenants and developers.

“Neighbouring businesses Archipro, Crimson Education, Xero, Independent Liquor and Saatchi and Saatchi have also given this location their seal of approval,” says Traill.

He says businesses operating in the immediate area benefit from excellent transport links in all directions, with easy State Highway 1 and 16 motorway access via The Strand, as well as connections to the eastern suburbs via nearby Tamaki Drive.