A boutique office space within a newly built New York-style commercial block containing a handful of well-known wealth management and financial services firms has been placed on the market.
The 107-square metre office is located in the prominent three-storey Cambridge Business Suites mixed-used building in the centre of the affluent Waikato township of Cambridge.
The residential portion of the building is known as EightsixAlpha.
The high-end first floor space for sale features multiple meeting rooms and individual offices running off a central corridor, while also having a half share of a lobby waiting area and staff kitchen on the floor.
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The two offices at the end of the corridor enjoy a substantial amount of natural sunlight with views over the adjoining commercial environment.
Neighbouring tenancies in the Cambridge Business Suites block comprise a ‘who’s who’ of New Zealand’s financial services sector including Kiwisaver fund manager Milford Asset Management, mortgage investment firm Alpha First Securities, property development funds lender Omega Capital, and finance and investment product advisory consultants Jarden Partners.
The lease of the office is to be underwritten by the property’s developer, Alpha Street Development Ltd, which will be signing up to a new four-year lease with the new owner when the sale of the property settles.
The new lease will generate annual net income of $66,500 plus GST, with annual rent reviews linked to the consumer price index, and two further four-year right of renewal.
The immaculately presented office at 103/86 Alpha Street in Cambridge is now being marketed for sale by auction on June 16 through Bayleys Hamilton.
Salespeople Alex ten Hove and Luke ten Hove said Cambridge Business Suites was widely regarded as the leading office space within Cambridge. The office for sale comes with four car parks on site in a dual- stacker format.
In addition to offices on the lower and middle floors, the Cambridge Business Suites/EightsixAlpha building also contains six luxury apartments on the top floor of the block - which sits in the middle of Cambridge’s central business precinct.
“Cambridge Business Suites is very much a corporate workplace environment. The sheer quality of the build is reflected by the quality of its commercial tenancies – as if it was straight out of a premium grade high-rise Auckland office tower. This is the last unit in this high-quality complex which has been put on the market for sale,” said Alex ten Hove.
“The extensive fitout includes a state-of-the-art heating/ventilation and air conditioning (HVAC) system with individual climate-controlled offices. In addition to the staff parking spaces within Cambridge Business Suites, there is also ample on-street customer car parking immediately outside the premises on both sides of Alpha Street.”
Entry to the interior of Cambridge Business Suites/EightsixAlpha building is through a security-controlled key-pad system leading into a street-level foyer, with the building’s upper levels serviced by both a lift and stairwell.
Luke ten Hove said that as Cambridge’s most modern commercial premises, the recently built Cambridge Business Suites had effectively future-proofed itself by delivering a high quality clean-lined premises.
“Cambridge continues to see strong population and economic growth, with many national and Waikato-centric businesses taking up office space in the town,” he said.
“This business demand is expected to continue on the back of Waikato’s regional prosperity in conjunction with Hamilton’s ongoing urban expansion into its surrounding hinterland and the satellite townships such as Matamata, Morrinsville, and Cambridge.”
- Article supplied by Bayleys
