A refurbished stand-alone office building sitting on a prominent corner location in Northcote on Auckland’s North Shore is available for purchase and will appeal to investors and owner-occupiers looking for a highly visible asset in a tightly held location.
Located at 43 Woodside Avenue, the two-storey facility features approximately 943sq m of functional floorspace and is situated on 1,040sq m of land, with nine on-site car parks.
The building offers a mix of office accommodation together with a self-contained residential apartment that is leased until June 2027.
The office component is currently vacant, creating flexibility for a range of ownership strategies, and the current owner is willing to provide holding income support for the purchaser.
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The layout of the building is a key attraction. The current configuration provides scope for multiple occupancy scenarios, including the ability to split the office accommodation into separate tenancies, creating opportunities for supplementary income or future expansion. This will appeal to owner-occupiers and investors alike.
Located less than 10km from the city centre and close to key motorway connections, Northcote continues to attract a broad range of businesses seeking a strategic North Shore base.
The property is zoned Business – Light Industry Zone under the Auckland Unitary Plan.
Colliers Directors Jack Tuson and Matt Prentice have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Tuesday 28 July, unless sold prior.
Originally constructed in the 1970s, the building features reinforced concrete foundations and floors, steel portal framing, and a long run steel roof.
Comprehensive refurbishment was undertaken in 2017, which included modernised office accommodation, upgraded amenities, and a new roof.
The property is a short walk from nearby bus routes. Surrounding neighbours include All Care Family Medical Centre, fitness centre RIDE Cycle House, and other industrial distribution and manufacturing facilities, as well as Kawana Coffee House, reinforcing the appeal of the location.
Tuson, Director of Industrial at Colliers, says the property is well suited to owner-occupiers seeking greater control over their occupancy costs.
“Many businesses are looking beyond traditional leasing arrangements and considering ownership opportunities that provide long-term certainty and flexibility.
"This property allows an owner-occupier to secure a high-quality office building while benefiting from supplementary income generated by the residential component,” Tuson says.
“With the office accommodation available for occupation and the apartment already leased, purchasers can establish their business presence quickly while still receiving an income stream.”
Prentice, Director of Industrial Sales and Leasing at Colliers, says the flexibility of the asset will broaden its appeal.
“One of the key attractions is the number of different options available to a purchaser.
"An investor may look to lease the office accommodation and maximise the income-generating potential of the property, while an owner-occupier could establish their business here and retain part of the asset as an income-producing investment,” Prentice says.
“It is uncommon to find a freehold property that can cater equally well to investors, owner-occupiers, and businesses planning for future growth.
"The ability to generate income while retaining multiple occupancy options makes this a particularly compelling North Shore opportunity.
“Currently we are seeing increased demand among occupiers who are considering well-connected locations that offer convenient access to Auckland CBD without sacrificing parking availability or accessibility and this property fits that description.”
- Supplied by Colliers
