Parnell unit deadline looms today

The clock is ticking on a 770sq m high-stud office unit, for sale in a “funky 1930s building”, in Parnell.

Barfoot and Thompson agents Reese Barragar and Ben Jamieson are selling the large freehold unit at 1L-1M/128, St Georges Bay Rd.

Barragar says the earthquake strengthened character space is for sale by deadline private treaty process closing at 2pm today.

“This premises features flawless character finishes throughout, with exposed beams, polished concrete floors and high ceilings,” Barragar points out

“This is complemented by the outstanding fit-out, displaying a good balance open-plan, work areas and meeting spaces to accommodate a variety of businesses looking for something truly special.

“The property would definitely suit those in the creative sector — the likes of film, architecture, IT, PR or possibly advertising operations.

“But if somebody wants to use only a part of this unit, there would be ample opportunity to sub-let to others.

“The beauty of it is that this turn-key premises in in one of Auckland's most sought-after suburbs.

“There’s a showroom space — which is quite an unusual feature in this immediate location — and all facilities in place, including bathrooms with showers.

“The hard work has been done; the building has been seismically strengthened to 67 per cent of the NZ Building Standard, so that means it satisfies the regulators.”

128 St Georges Bay Road 2
The unit at 1L-1M/128, St Georges Bay Rd, has space to sublet and for showroom usage. Photo / Supplied

Barragar adds that up to 18 nearby car parks are available, presently at $75 per week (though this is subject to review).

Annual costs, include Council rates at $12,993 net plus Body Corporate fees at $38,596 net, totalling $51,598, which equates to $67 per sq m.

The unit, which stands in the Business-Mixed Use zone is to be sold with vacant possession.

“It has been appraised for an annual rental of $254,100 net (excluding parks), however, it’s also obvious that a higher figure would be achievable if converted to showroom or split into multiple tenancies.”

Reese Barragar, Barfoot & Thompson
Reese Barragar, Barfoot & Thompson