The opportunity for specialty retailers to be part of Ponsonby’s Cider Building is now on offer, with three quality spaces left for lease in the highly anticipated development anchored by Countdown, says brokers.
Jessica Martin of Colliers International, who with colleague Nilesh Patel is marketing the retail units within the Cider Building at 4 Williamson Avenue, says the new development will revitalise the Ponsonby community.
The Cider Building is due for completion mid next year and will sit beside Vinegar Lane, which forms the remaining half of the old DYC Vinegar factory site. The neighbouring developments in Vinegar Lane will include high end residential and commercial spaces with architecturally designed office and retail units, centred around an architecturally designed courtyard.
“This development will form the heart of a new Ponsonby precinct, creating a captive consumer base for lifestyle shoppers. Quite literally, it is possible for patrons to both live and work in the same building.”
There are now only three retail units remaining for lease out of the original ten, ground level, road frontage units that were allocated within the Cider Building. These units are Unit 5 (84 sqm) and Unit 6 (106 sqm) which front onto Williamson Ave, and Unit 9 (166 sqm) that faces Pollen Street.
Martin says the spaces will ideally suit food and service operators.
“Food and service vendors will be able to further compliment what is an already diverse line-up of operators which include a Japanese restaurant, a gelato store, a pizza shop, a gift shop, a barber and a café.”
On completion, the Cider Building will consist of three levels of office space above a 4,360sqm modernised Countdown supermarket. Below this will be five levels of parking with more than 220 spaces dedicated for the supermarket alone.
All Cider Building retail units will have road signage and present an upscale, industrial feel, says Martin.
“The retail units, in fact the entire development, have been designed with Ponsonby’s eclectic and upmarket environment in mind. The added attraction of the direct road signage means each tenancy will benefit from maximum exposure in what is a high profile neighbourhood.”
The landlord, General Distributors, will present the tenancies as a shell for the tenant’s to complete their own modernised fit-out. This includes aluminium shop fronts, concrete floors and ceilings and gib-lined walls, with power, plumbing and gas.
Patel says exclusive retailers are taking notice of the transformation and moving into the surrounding area to align themselves within the new Ponsonby precinct.
“Australian fashion brand SEED Heritage has opened its first New Zealand flagship store just across the road from the Cider Building. Not only does this bring fresh energy to the area but it also highlights the desirability of being in this developing part of the city.”
Patel says Ponsonby is seeing further revitalisation of its retail along Ponsonby Road.
Last year Mansons Portfolio Limited bought the site at 160 Ponsonby Road previously occupied by Video Ezy. A new development, currently under construction, will consist of approximately 518 sqm of prime retail space fronting Ponsonby Road and a single office level above. There are four retail tenancies in the development with completion scheduled for later this year.
The Cider Building is located within a 14,000sqm Ponsonby block fronting onto both Williamson Avenue and Pollen Street.
Patel says the Cider Building is well-connected to public transport routes and is only minutes from Auckland’s central business district (CBD).
“The Inner Link bus stops just 50 metres from the building’s front door every 10 minutes during peak hours and 15 minutes during off-peak. So for tenants or clients travelling from the CBD, the three kilometre commute takes less than 10 minutes in peak traffic.”
The State Highway One north-south, and State Highway 16 westbound, motorway connections are only a kilometre away at Pitt St and Union St, while the St Marys Bay on-ramp, Cook St off-ramp and Newton Gully accesses are all within a two kilometre radius.