Premium office space in a new building in central Hastings is being presented to the market for lease, providing future occupants with the opportunity to acquire a modern premises in a high-profile location.

The new build at 718 Karamu Road North, Hastings, which is currently under construction, is set for completion in the middle of the year and the available space is located on the first floor.

The tenancies will span 122sq m and 115sq m, respectively, but the floor space could be combined to offer a larger space, depending on occupier demand.

The landlord of the building can work alongside the incoming tenants to ensure the fit-out will be suitable.

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Hot Spring Spas, a well-known national brand, are developing the two-level building and their showroom will be on the ground floor of the property.

The building will be powered by renewable energy as the developers are installing a comprehensive solar power system, meaning tenants will only pay for their kilowatts used.

Sitting 500m from the heart of the Hastings CBD, the property is prominently positioned on a busy corner site that enjoys high traffic volumes.

There’s a range of key amenities in the surrounding area, including a service station, The Warehouse, Mitre 10 Mega, and Noel Leeming, among others.

Danny Blair, Director at Colliers Hawke’s Bay, has been exclusively appointed to lease the floor space and is taking expressions of interest.

Blair says the opportunity to acquire a brand-new premises with renewable energy shapes as a highly appealing prospect for future occupants.

“There is tremendous flexibility here for prospective tenants given the space could be combined to create a larger site,” Blair says.

“Alternatively, two businesses may secure this space and operate from this building with a boutique set-up that will meet their needs.”

The location of the property means it will offer convenience for occupants and clients with a range of key shopping destinations in the general vicinity, while the street exposure adds to the high-profile nature of the new build.

Blair says the trend among office occupiers across New Zealand has been the flight to quality that has seen organisations target new office space that is desirable for their employees.

“While the Covid-19 pandemic reshaped the way we work with flexible working arrangements now more commonplace, employers have recognised the need to provide an inviting premises to attract their team members to the office,” Blair says.

“Having the opportunity to acquire space in a new building that is being carefully constructed to meet modern building requirements may also help organisations reach their environmental, social, and governance goals, which is becoming a greater focus among firms.”

Blair says this is a rare chance to secure space in a brand-new building in a prime location.

“With the property due for completion in the middle stages of the year, now is the perfect time to acquire the space and set a new path forward for your business.”

- Article supplied by Colliers