There are a few design cues as to what this converted 1960's industrial building holds inside. The external steel portals, from 2017's earthquake strengthening, the huge east facing wired glass windows and the bright red door onto Second Ave. The property was originally constructed in 1967 as a car painting facility and has had several lives since then. Today the shell is similar, but now the space is being utilised to take advantage of the Commercial Zoning the address enjoys.
Inside are three commercial tenancies, each with features showing the buildings industrial past. All the tenancies use a pallet of steel, brick, concrete, glass and wood, creating the highly in desirable and in demand ‘New York’ loft theme.
The smallest tenancy is a fully contained mezzanine office, with an open plan office offering great natural light through its many windows and skylights.
The middle tenancy has been recently leased to a vehicle wrap company. There is a reception and offices off Second Ave, with access via roller door in the rear.
The largest tenancy is straight out of a design magazine. The accountancy firm that occupies this premises, designed and had the space fitted out to a standard that any office tenant would gladly move straight into.
Behind the modern design ethos, the fundamentals to make this an excellent commercial investment are there. Three separate and diverse tenants, generating a net rent roll of $122,500 plus outgoings and GST, in a popular CBD fringe location with onsite parking.
To be sold at auction on the 12th of May 2021, this property will look great in any investor’s portfolio.
Ref #: 20674328