Well-presented office accommodation in the Ascot Office Park in the sought-after Auckland suburb of Remuera is available for purchase and will appeal to buyers seeking floorspace in a premium location.
Unit 3A, 93-95 Ascot Avenue, Remuera, has approximately 644sq m of net lettable area and is positioned in the northernmost corner on the top level of Building A in the complex.
The existing configuration provides functional office space that is capable of supporting a broad range of requirements, with flexibility to adapt or reconfigure as needed.
The space is exceptionally well supported by 15 parking spaces, offering a parking ratio that is rarely achievable within similar precincts.
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There is holding income of $260,000 plus GST and operating expenses per annum through the current lease with a clear path to vacant possession after the final expiry for the existing tenant on 31 December.
The stratum in freehold property sits alongside Ascot Hospital among a network of established medical and professional operators, creating a proven healthcare environment.
Located only moments from the motorway network, the asset also offers easy access to public transport through the nearby Greenlane train station and multiple bus connections.
The property is zoned Business-Mixed Use Zone under the Auckland Unitary Plan.
Colliers Brokers Sam Hyde-Smith, Logan Roach, and Mike van der Putten have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Thursday 4 June, unless sold prior.
Hyde-Smith, Investment Sales Broker at Colliers, says the property gives prospective purchasers the opportunity to secure top-quality office space with a range of future options.
"The impending lease expiry provides flexibility for buyers, where owner-occupiers can plan ahead with certainty and investors can benefit from the existing rental stream before looking to re-lease, reposition, or further enhance the tenancy," Hyde-Smith says.
"Opportunities of this scale, with substantial parking and near-term occupation or rental upside, are rarely available in such a tightly held area of the city."
Roach, Investment Sales Broker at Colliers, says the Ascot Office Park is a leading area in the Remuera-Greenlane medical precinct.
"Home to some of New Zealand's most respected healthcare providers, Ascot Office Park has established itself as one of Auckland's most highly regarded medical hubs," Roach says.
"Purpose-designed and professionally managed, the complex offers a rare concentration of specialist healthcare services within an integrated, hospital-adjacent setting.
"This hub offers excellent clinical connectivity, convenient access, and continued relevance in Auckland's healthcare network."
Van der Putten, Director of Capital Markets at Colliers, says the subject office unit provides a versatile floorplate with lift access and excellent natural light.
"With a 180-degree outlook, the office has a high-quality working environment that would suit a medical, allied health, or professional services tenant," van der Putten says.
"Owner-occupiers and investors will have an interest in this asset, and given its appealing mix of location and accessibility, as well as its proximity to key transport links, it is one that warrants serious consideration."
- Supplied by Colliers
