A five-level office building situated adjacent to Spark Arena, near Britomart in central Auckland, is now available for lease, offering businesses the opportunity to secure space in a high-profile property with large floorplates and superior functionality at affordable rental rates.
Sitting on the corner of Quay Street and Mahuhu Crescent, the property has 7,785sq m of floor area available.
There is approximately 720sq m of space on the ground floor that is split into two fully fitted office suites with kitchens, meeting rooms, and bathroom facilities.
The floorplates across the upper four levels range in size from 1,606sq m to 1,680sq m, supporting up to 160 people per floor.
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Levels 1 to 4 have multiple outdoor balconies with northern views of the Waitematā Harbour and southern views over Māhuhu-ki-te-rangi Park to the rear.
This growing commercial precinct is officially known as Te Tōangaroa and comprises about 20ha of land from Tangihua Street east to The Strand, which is owned by Ngāti Whātua Ōrākei, making it the first urban tangata whenua-owned precinct in Tāmaki.
In 2023, Ngāti Whātua Ōrākei formed a joint venture with Precinct Properties and global investor, PAG, to invest in the regeneration of this precinct.
The investment includes ownership and property management of the buildings at 30 Mahuhu Crescent and 8 Tangihua Street.
There are three floors of basement parking, providing 135 total parking spaces, a considerable number for a property in this location.
CBRE and Colliers have been jointly appointed to lease the property at 30 Mahuhu Crescent.
Campbell Pritchard, National Director of Office Leasing at CBRE, says prospective tenants have a range of options available to them and could take one or multiple floors, while there is scope for one entity to lease the entire building.
“The building’s profile and functionality will be highly appealing for those looking for a new premises and it may offer an opportunity for businesses to expand or right-size their operations,” Pritchard says.
“Having the chance to acquire the naming rights for the building adds another angle for future tenants to explore that will help boost their brand visibility on a property that has significant exposure to passing traffic and pedestrians.”
Stefan Winstanley, Director of Office Leasing at CBRE, says the building was occupied by BNZ before they relocated last year giving Precinct the opportunity to fully refurbish it.
“The work included updating the ceilings, flooring, lighting, bathrooms and removing an internal stair to create a void in the centre of the building allowing plenty of natural light into each floorplate,” Winstanley says.
“The lobby has been completely redesigned, with a unique timber ceiling reflecting the hull of a waka and a new cafe will set up shop in this stunning new space shortly that is ready for its new occupants.”
Britomart station is a short walk away offering connectivity to many parts of Auckland via the rail network, while the City Rail Link will provide further transport options from next year. There are multiple bus routes that are readily accessible, while the ferry terminal is also nearby.
Sam Gallaugher, Director of Office Leasing at Colliers, says future tenants will benefit from modern end-of-trip facilities, including showers, digital lockers, and a secure bike storage facility directly accessible off Quay Street.
“The property has a 5-star Green Star As Built rating, which represents best practice and should assist future tenants to meet their sustainability goals,” Gallaugher says.
“An ongoing consideration for businesses is their environmental footprint and occupying a sustainably focused premises is one way they can contribute to being a good corporate citizen.”
Paul Dyson, Director of Office Leasing at Colliers, says future tenants will benefit from being so close to the amenities in Auckland’s CBD.
“Prominent live entertainment venue Spark Arena is next door, while a host of award-winning restaurants and bars are only moments away,” Dyson says.
“Having the opportunity to lease space in a modern, refurbished office with enviable views and this level of connectivity to transport options is one not that is not to be missed.”
- Supplied by CBRE
