A new office development on a high-profile corner site in central Hastings shapes as the perfect solution for companies looking for flexible lease terms in a city that is acutely short of A-grade office space.
The ground floor of 100 Karamu Road North is currently undergoing significant redevelopment and will be ready for occupation within the next three months, providing 390sq m of total floor space that will include 26 workstations fitted with dual monitors.
The furnished office space, which has a 90 per cent NBS rating, includes a boardroom, meeting rooms, and a kitchen and breakout area making for an excellent turnkey opportunity that will provide businesses with the opportunity to save on fit-out costs.
There is potential for the space to be split into smaller tenancies of 12-14 desks meaning there’s a range of options available for prospective occupants. The optional desk booking software in the building also allows for increased productivity through less administration time and greater efficiency.
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The lease terms cover all cleaning, security, internet, and electricity expenses, while the property provides an espresso machine, printer and copier, and interactive whiteboards.
Sitting on the corner of Karamu Road North and Heretaunga Street East, the property enjoys excellent profile and has five allocated car parks.
Colliers Hawke’s Bay Brokers Jack Elliott and Danny Blair have been exclusively appointed to market the property for lease via negotiation.
The minimum lease term is four months and tenancies of longer than 12 months can be accommodated on application.
Tenancy 1 includes 12 desks and costs $11,400 plus GST per month, while the 14-desk Tenancy 2 is $13,300 plus GST per month.
Elliott, Commercial Broker at Colliers Hawke’s Bay, says this offering provides the ultimate in flexibility for office space.
“Having the ability to secure an A-grade premises with a short-term commitment will be highly appealing for some businesses as it means they won’t be stuck with a long-term contract,” Elliott says.
“Being able to enter the building and plug and play from day one offers convenience to local providers while national or international firms who are looking to establish a presence in Hawke’s Bay could capitalise on this outstanding opportunity.
“Moving into a facility such as this one will save on capex allowing firms to manage their finances during changing market conditions. With a shorter lease term, companies can adapt to the changing business environment.”
The property is ideally positioned in central Hastings and all desirable amenities are nearby, including multiple cafes, banks, legal firms, and hospitality spots.
Blair, Director at Colliers Hawke’s Bay, says demand for top-quality office space in Hastings remains strong and there is a dearth of supply.
“The most recent office developments in Hastings, Tribune and 101 East, which are both located on Queen Street East are fully leased, leaving occupiers who are seeking A-grade space short on options,” Blair says.
“This exciting development will provide businesses with a new way to conduct their lease terms in a sought-after location that is surrounded by the key day-to-day requirements of office-based staff.
“The nature of the property and the lease agreements means future occupants could scale up or down their requirements as their lease continues, providing future flexibility. We encourage all interested parties to contact us immediately.”
- Article supplied by Colliers
