A multi-level medical facility in a prominent position in the sought-after Auckland suburb of Remuera is available for purchase with vacant possession.
Sitting at 105 Remuera Road in the heart of the well-known ‘Medical Mile’, the stand-alone property has 552sq m of net lettable area. The freehold site, which is zoned Business – Mixed Use Zone under the Auckland Unitary Plan, spans 749sq m.
Having previously being utilised by a medical provider, the existing fit-out is perfectly suited for medical use, including consulting rooms, surgical theatres, recovery rooms, and more. The building has an A-grade NBS rating of 85 per cent.
The strategically located property is nestled among a host of medical and healthcare businesses and is also in the "double grammar zone". There are 15 dedicated car parks.
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Newmarket train station is only 500m away, while there are multiple connections to key arterial routes. The motorway network can be reached within a few minutes.
Colliers Brokers David Burley, Kris Ongley, and Ronal Prasad have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 13 November, unless sold prior.
Originally constructed in the late 1990s as a medical centre with basement parking, a small extension was added in 2008 bringing it to its current form.
The 19sq m lobby has automatic glass doors leading into the reception. From the lobby, a stairwell offers access to the upper level. A passenger lift also leads to the upper level and the basement, which spans 29sq m and is used for storage.
The layout at ground level provides for a reception area, nurses station, waiting room, a small office, and recovery room. There are two surgical theatres, meeting rooms, toilets, storage space, a kitchen, lunchroom, and specialised workrooms.
The 257sq m upper level has a separate reception space and waiting room. There are eight consulting rooms, an administration area, small lunchroom, and staff facilities.
Burley, Auckland Director of Investment Sales at Colliers, says the property will hold considerable appeal for owner-occupiers and investors.
“This is a high-quality facility and given it can be acquired with vacant possession, medical occupiers could establish their operations very quickly,” Burley says.
“Alternatively, investors looking to the medical tenancy market may wish to purchase the asset and find a tenant for it. Given the desirability of the location we foresee there would be considerable demand among prospective tenants.”
Ongley, Director of Investment Sales at Colliers, says this prime location only adds to the offering given Remuera’s accessibility to transport connections and the nearby shopping that is available in Newmarket.
“With Auckland’s CBD only 15 minutes away, Remuera Road is an ideal spot for businesses looking for convenience, visibility, and accessibility,” Ongley says.
“Westfield Newmarket, one of the country’s most impressive shopping centres, is only a 700m walk away, while there are also a host of other amenities in Newmarket that can be easily reached, including food and beverage options.”
Prasad, Investment Sales Broker at Colliers, says given the flexibility afforded by the Business – Mixed Use Zone there are future development opportunities.
“Buyers with a long-term view may wish to reposition the property down the line and the zoning allows for residential activity as well as predominantly smaller scale commercial activity that does not cumulatively affect the function, role, and amenity of centres,” Prasad says.
“As outlined in the Auckland Unitary Plan, properties with this zoning can also be developed up to four storeys high, meaning a future development could be created to capitalise on the considerable underlying land value of the property based on its Remuera postcode.”
- Supplied by Colliers
