Colliers is proud to be exclusively appointed to market 3 Scarborough Lane, Parnell for sale via Deadline Private Treaty closing Wednesday 2nd October 2024 at 4:00pm (unless sold prior).
This is a beautifully renovated two level office building in the heart of Parnell. From the 1960's, this building has been refurbished into a beautiful two-storey office masterpiece in the heart of Parnell. With Scarborough Lane situated just off Parnell Road, the property's position holds strategic value with access to Newmarket, CBD, motorways and other central suburbs within minutes. Parnell is one of the city's most prestigious and sought-after suburbs. Renowned for its vibrant blend of heritage charm and modern sophistication, Parnell offers an ideal setting for businesses seeking a premium address. With easy access to major transport links, trendy cafes, fine dining, boutique shopping, and beautiful parks, Parnell combines convenience with an upscale ambiance.
Further to the property's excellent position, the asset offers 521 sqm over two floors, complimented by 6 easily accessible carparks on the East side of the building. The Ground Floor is currently occupied by art restoration studio, Studio Carolina Izzo, who’s tenancy expires in 2031. Level One is leased to a media company, Tried & True. Their lease expires in February 2025, creating a fantastic opportunity for an owner-occupier to make this their new home, or to renegotiate the lease to retain this asset as a bottom-drawer, passive investment. The passing income on the property is $131,000 pa + OPEX + GST.
From the building's roof, there are panoramic views of Waitemata Harbour, Auckland city skyline, Rangitoto, and parts of Parnell. We believe this offers potential for medium-term residential development.
Please call the Sole Agents for more information, and/or to arrange an inspection.
Features:
* Corner site of 486 sqm
* Total Floor area of 521 sqm
* 6 Carparks
* Passing Income of $131,000 + OPEX + GST
* Owner-Occupier potential
* Passive Investment
* Future Development Potential
* Prime Parnell location
* Proximity to CBD, Newmarket, motorways and surrounding central suburbs
