Excellent opportunity for investors or owner-occupiers to secure office floor in a superb location with strategic upside
A freehold office floor for sale in Auckland’s CBD offers investors and owner-occupiers an opportunity to invest in a superb location with strategic upside.
The strata-titled unit at Level 6A, 26 Hobson Street, has a sought-after net lettable area of 325sq m, making it suitable for small to medium organisations with up to 25 staff.
The property also offers an excellent staff to parking ratio, with 14 in-demand CBD car parks on separate titles.
Colliers International Investment Sales brokers Simon Child and Tony Allsop have been exclusively appointed to market the property – featured in the latest Colliers Portfolio – for sale by deadline private treaty.
Offers close at 4pm on Thursday 18 October, unless it sold earlier.
Child says the property offers investors and owner-occupiers a superb opportunity to acquire an affordably priced office in Auckland’s CBD.
“With record low vacancy rates and firming yields, it’s becoming hard to find CBD investments under $10 million,” he says.
“This superbly located strata freehold office is a solid foothold into the Auckland CBD market at a competitive price point.
“Situated near the bottom of Hobson Street, the property is well located between the CBD core and the dynamic western side of Auckland’s CBD.
“The property is available with vacant possession, offering flexibility for owner-occupiers and investors.
“With its strata freehold title, competitive price point and excellent location, this is a rare CBD offering not to be missed.”
Child says the property is perfectly suited to a small or medium sized business.
It comprises the sixth floor of the nine-level Hobson West Towers, six secure basement car parks, and eight car parks in the parking building at 23-31 Hobson Street.
“The office benefits from sweeping views of the waterfront, Auckland Harbour Bridge and Waitemata Harbour looking West,” Child says.
“Originally constructed in the 1970s, Hobson West Towers is accessed via a main entry on lower Hobson Street.
“The building has two new lifts, bathroom amenities located off the stairwell, floor by floor air conditioning, and fire sprinklers and detectors.
“The building is predominately of steel and reinforced concrete construction. It has an IEP assessed seismic rating of 61 of the New Building Standard, which means it is not considered earthquake-prone.”
Allsop says the property is well located on the western side of Auckland’s CBD, approximately 250m from Queen Street.
“The property has excellent street frontage, providing good exposure to traffic passing up one-way Hobson Street.
“The popular St Patrick’s Square is located directly behind the property, offering an outdoor space to meet, eat lunch or get some fresh air.
“The Viaduct, Wynyard Quarter and Victoria Park are all within walking distance.”
Allsop says the western side of Auckland’s CBD has been has undergone substantial growth in the recent years.
“With an unprecedented level of public and private sector investment in the area over the last 10 years, many leading New Zealand and international businesses have now chosen to relocate to the western frame.”
Allsop says the property offers excellent transport links.
“Access to the motorway network heading north, south and west is located within 800m of the property.
“Both Queen Street and Fanshawe Street are well served by major bus routes, while Britomart and the Ferry Terminal are located with 500m, offering access to trains and ferries.”
Allsop says CBD strata titles are a good option for smaller owner-occupiers who want to insulate their business against future rental increases.
“Being based in the CBD also offers numerous business and staff benefits, including networking, accessibility and a great range of retail, dining and entertainment options.
“Owners and investors looking to make the most of these benefits at a competitive price point will not want to overlook Level 6A, 26 Hobson Street.”
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