A strategically positioned city-fringe office is providing small-to-medium businesses with an opportunity at flexibility of tenure by becoming their own landlord.
The recently refurbished 85sq m (more or less) commercial premises at 11C Augustus Terrace, Parnell, is offered to the market amid growing demand from occupiers seeking modern premises to enhance business profile and support staff wellbeing.
Bayleys Auckland’s director of commercial leasing, Ben Wallace, says the ground floor unit with secure car parking is a popular footprint, increasingly in-demand with mid-sized firms reassessing their office requirements post-pandemic.
“In some cases, the expansion of hybrid business models provides operators with an opportunity to consolidate the traditional office footprint, better reflecting flexible work strategies in 2023.
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“In others, smaller businesses which have received a boost in commercial activity are upgrading their requirements, actively seeking quality accommodation in high-amenity locations which support operational efficiency and employee satisfaction amid near-record-low unemployment levels.
“Both investors and operators themselves have turned on to the benefits in the current climate of turnkey assets, and we are seeing high levels of demand for modern, well-presented and contemporary properties, with the value proposition boosted in strategic locations.”
Wallace is marketing the unit for sale with colleague James Were, via tender process closing at 4:00 pm, on Thursday 6th July 2023 (unless sold prior).
The north-facing, freehold office suite is located in a prime mixed-use enclave, surrounded by a variety of high-spec apartments and commercial activity metres away from key arterial Parnell Road.
It is one of six commercial units located on the ground floor of the ‘Hemisphere’ building, a mixed-use development featuring 24 luxury apartments, designed by ABRI Architects and built circa 2000.
Bayleys Auckland City & Fringe team associate director James Were says the versatile configuration lends itself to an open-plan work environment with a generously-sized, glass-partitioned boardroom at the front of the unit, which gains views of the Hauraki Gulf.
“The property is fully self-contained with a modern kitchenette and two bathrooms. Facilities are specified to high standards, befitting the calibre of occupants in the immediate area, including various professional tenants in the trade, corporate and retail sectors.
“Additional specifications include acoustic tiling, new dish drawers and a hydro-tap, modern bathroom amenities, and the ability for the new owner to acquire stand-up desks as part of the property transfer.
Were says that Parnell remains one of Auckland’s most desirable and prestigious locations, proximate to the vibrant Parnell Village with its high proportion of restaurants, upscale retail and art galleries.
“Besides local amenities, the unit is moments away from Auckland’s downtown CBD, the Parnell Train Station, key transport links, and the medical precinct.
“Significant investment in the immediate area from large commercial property owners has seen a revitalisation of the broader area, which has cemented a position as one of the city’s go-to destinations for commercial, retail and hospitality visitation,” he says.
- Article supplied by Bayleys
