Boutique Auckland office on Victoria St

By Colin Taylor, article courtesy of NZ Herald

A two-level office space with kitchenette and bathroom plus one onsite carpark is for sale at 4/192 Victoria St West, Auckland.

Barfoot & Thompson Commercial sales broker Reese Barragar is selling the entry level freehold property, which had a rating valuation of $300,000 at July 2014.

It is in an area of the city zoned Business-City Centre and is leased to an office tenant on a month-to-month basis.

"This property can be offered with vacant possession, with a minimum of 30 days’ notice," says Barragar.

"Right now it is well presented office space, but it would also be ideal for an owner-occupier, or investor, to add value by converting the space into an apartment."

The property now earns annual gross rent of $45,040; rates are $3159 and body corporate fees $2381.

"Situated in Auckland’s Centra Business District, it’s only about 10 minutes’ walk from downtown Auckland and close to all major arterial routes," says Barragar.

"In recent years this location has grown in popularity with many business and residents due to the character, vibrancy and wide range of high quality amenities and services nearby."

The deadline private treaty sales process concludes next Wednesday, July 26, unless sold earlier.

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

About Barfoot & Thompson Commercial

Barfoot & Thompson Commercial offer expertise in industrial and retail sales and leasing, property management and portfolio management.