The character premises of an award-winning Auckland visual effects studio whose work has been featured by Apple, Universal Pictures and HBO Max are up for sale.
The standout two-level commercial building in the city-fringe suburb of Kingsland is home to Fathom Pictures, a cutting-edge studio specialising in effects for film, television and commercials.
The lovingly converted factory on Kingsland Terrace contains a duo of self-contained full-floor office tenancies.
These are occupied by Fathom under two leases, generating a total net rental return of $537,429 plus outgoings and GST per annum.
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Created by filmmakers for filmmakers and their clients two years ago, Fathom quickly gained a reputation as a world-class studio, winning numerous honours including Gold and Silver in Visual Effects at the Comms Council’s 2024 Axis awards.
The company boasts an impressive domestic and global client list. It was invited to create visual effects for Apple's The Lost Voice, a film that showcased an innovation by the tech giant for the International Day of Persons with Disabilities.
Long-form projects include BBC TV series The Luminaries, based on the Man Booker Prize-winning novel by New Zealand’s Eleanor Catton, along with the Universal/Blumhouse international horror hit M3GAN, and HBO Max comedy Our Flag Means Death.
Recently modernised and strengthened to exacting standards, Fathom’s Kingsland premises contain premium modular suites for editing, colour grading and online work.
Fathom occupies the ground and first-floor tenancies on current leases that run through to 2028 and 2029 respectively, each with two further four-year rights of renewal.
The lease agreements provide for fixed three percent annual rent increases, with market reviews at lease renewal.
The freehold property at 6 Kingsland Terrace, Kingsland, Auckland, is being marketed for sale by Mike Adams and Damien Bullick of Bayleys Auckland Central as sole agents.
It will be sold by way of a tender closing on Wednesday 9 April, unless sold prior.
The approximately 1,158-square-metre building is underpinned by some 976 square metres of land with onsite parking for 12 vehicles in front of the building.
Adams said the sale presented a chance to secure a “trophy” tenanted commercial investment in an aspirational city-fringe precinct.
“Constructed in the 1960s as a manufacturing facility, the property was fully upgraded and refurbished in 2020, including seismic strengthening to an A-grade rating of 80 percent of new building standard.
“The immaculately presented two-level, high-stud building now boasts the highest specifications and offers a superior level of fitout and presentation.
“Taking advantage of the original industrial features, it provides a mix of high-stud open plan areas and intimate warm spaces, predominantly used for meeting rooms and editing suites. A northwest-facing aspect gives occupiers attractive views across Nixon Park.”
Dual entrances provided the opportunity for future split tenancies, said Adams.
Bullick said the underlying freehold land offered new owners the benefits of intensive Business – Mixed Use zoning under the Auckland Unitary Plan.
“With planning rules allowing for high-density multi-level development, this brings considerable future development potential – as shown by the burgeoning number of residential and mixed-use projects in the surrounding area.
“The Kingsland Terrace property, and tenant, reap the benefits of a position near the heart of the lively Kingsland residential, commercial and hospitality precinct. The main retail strip, brimming with cafes, eateries, bars and brew pubs, is a short stroll away.
“Public transport is readily available, with nearby Kingsland train station and busy bus routes on Bond Street and New North Road offering easy connections to the city centre and greater Auckland. The speed and capacity of rail links will get a further boost with completion of the City Rail Link,” Bullick said.
- Supplied by Bayleys
