Barfoot & Thompson Commercial has launched First 23, a selection of handpicked properties offering opportunities for investors, developers and owner-occupiers.
The portfolio features five properties for sale by deadline private treaty, one for auction, one for tender, 15 for sale by negotiation and one with a nominated asking price.
This is the ninth consecutive year that the company has presented its First of the Year collection, and Barfoot & Thompson commercial manager John Urlich believes 2023 is as good a time as any to turn market conditions to an advantage.
A highlight of the First 23 comes in three individual office suites on the same floor at Level 7, 155 Queen St in the heart of Auckland's commercial, legal, retail and banking hub.
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“These offices are Stratum in Freehold titles, ranging in floor area from 99sq m to 151sq m,” says Barfoot & Thompson commercial broker Reese Barragar. With colleague Justin Lowe, he is marketing the five suites for sale at “highly competitive” set asking prices, with interest closing at 2pm, February 15, unless sold prior.
“They’re all fully refurbished, beautifully presented and purpose-built for seamless office use,” Barragar says, “and there’s the bonus of four secure undercover carparks for sale within the same building, on Level 3, with easy access from Wyndham St.
“Suite 2 is 151sq m with an asking price of $890,000, Suite 3 is 99sq m with an asking price of $619,000, and Suite 5 is 104sq m with an asking price of $649,000.
"This represents exceptional value, given that this is prime space right on Queen St and just minutes from the action at Britomart and Commercial Bay.”
The building is 15 stories high. It was constructed around 1969, and carries a favourable earthquake report at 80 per cent NBS, Grade A.
It sits within Business - City Centre zoning under the Auckland Unitary Plan, allowing for intense future development and both residential and commercial activities. Main motorways are close by, and public transport hubs are all within walking distance.
“Locality-wise it doesn’t get any better,” Barragar says. “These offices possess solid investment fundamentals and are available at an exciting stage in the reinvigoration of the city’s CBD.”
Just a skip away from the central city, a rare Freehold Unit in the tightly-held Steel Works development at 11/13 Coles Ave, Mt Eden, is for sale.
The property is being marketed by David Hazewinkel and Reese Barragar of Barfoot & Thompson Commercial, and is for sale by deadline private treaty closing at 2pm, February 15, unless sold prior.
“This one’s a gem,” Hazewinkel says, “comprising approximately 118sq m of modern open-plan space with a northfacing aspect and great natural light, polished concrete floors, dual access points and well-appointed amenities including full-size kitchen and bathroom/shower facilities.”
It includes two onsite carparks directly in front of the premises.
“Offered with vacant possession, it’s a versatile configuration that would suit a variety of business uses, alongside the current zoning provisions that allow for live/work or residential conversion, subject to regulatory consent.
“Few locations on the city fringe are as appealing as Mt Eden,” Hazewinkel says. “The suburb is experiencing a strong rejuvenation with multiple developments and refurbishments happening in the area, and a major commercial property awakening as owners, investors and developers realise this area’s unique development potential.”
In St Johns, there's a prime opportunity for an investor looking to secure a tidy industrial position.
Max McCarthy and James Marshall are marketing 5/17 Hannigan Drive, St Johns, for sale by deadline private treaty closing at noon, February 8, unless sold prior.
“The unit is a Stratum in Freehold title,” says McCarthy, “and includes a superbly appointed office plus warehousing space with a generous stud height and floor area of approximately 160 sq m. It offers fantastic access and versatility, as well as two carparks.”
“Zoned Light Industrial, the location is particularly hard to beat in terms of local amenities and ease of accessibility to main arterial routes and surrounding suburbs, such as Stonefields and Mt Wellington.
"The area historically has an incredibly low vacancy rate and attracts premium rental, so a vacant sale offers a great opportunity for investors or owner/occupiers to secure a high-profile location in the heart of East Auckland's industrial hub.”
- Article supplied by Barfoot & Thompson
