With stunning sea views and an unobstructed outlook to Rangitoto Island, 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 Road, Takapuna is part of a six-level commercial building, which includes one floor of basement car parking.
The total floor area of Unit E, including two decks, spans 508sq m.
The property, which is zoned Business – Metropolitan Centre Zone under the Auckland Unitary Plan, has multiple tenants with all lease agreements finishing next year and the floor on offer returns $176,380 plus GST and operating expenses in net annual rental income.
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With a prime location on Hurstmere Road, Takapuna’s main arterial route, the property, originally 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 have been exclusively appointed to market the property for sale by deadline private treaty closing at 4pm on Tuesday 15 November, unless sold prior.
Marshall, Director of Sales and Leasing at Colliers, says the property offers a versatile space for the occupants.
“Unit E is located on the fourth level of the building and is accessed via a single lift from the ground floor. Internally, the office space is carpeted with Gib board partitioning and suspended tile ceilings. There is a mix of specialist lighting and recessed fluorescent lighting,” Marshall says.
“The space is fully air conditioned and sprinklered throughout.
"The floor is divided into two tenancies and the anchor tenancy, located at the western end of the floor, 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, Director of Sales and Leasing at Colliers, says the short-term nature of the existing leases provides optimal flexibility for prospective purchasers.
“With all of the current tenancies ending in 2023, owner-occupiers 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.”
Chand, Director of Investment Sales at Colliers, says the property enjoys a prominent location in central Takapuna.
“The area is characterised by a mixture of low and medium-rise commercial developments with The Spencer Hotel and The Sentinel apartments dominating the skyline to the west,” Chand says.
“Takapuna serves as the commercial and retail centre of the North Shore and is approximately 8km from Auckland’s CBD. There has also been an influx of residential developments, including a range of apartment buildings, providing further customers for the local retail and hospitality sectors.”
The Business – Metropolitan Centre Zone applies to centres located in different subregional catchments of Auckland.
These centres are second only to the city centre in overall scale and intensity and act as focal points for community interaction and commercial growth and development and contain hubs serving high frequency transport.
- Article supplied by Colliers
