In a market where stand-alone CBD freehold properties are hard to find, a fully refurbished character office building at 85 Albert St is set to go under the hammer.
Offered with vacant possession, the property provides immediate appeal for owner-occupiers and investors within Auckland’s rapidly changing city centre.
The three-level building spans about 304sq m and has undergone extensive upgrades, including modern services, LED lighting and seismic strengthening to 46 per cent NBS.
The refurbishment ensures contemporary performance while retaining its heritage charm.
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The location is metres from the new Te Waihorotiu City Rail Link station, Auckland District Court, Queen St retail and SkyCity’s International Convention Centre.
The Midtown precinct is benefiting from unprecedented public and private investment, reshaping the area and improving connectivity.
Te Waihorotiu Station is expected to handle up to 54,000 passengers per hour at peak, expanding occupiers’ access to talent and enhancing long-term growth prospects.
Jason Armstrong, JLL director and head of metropolitan sales, says the property’s position aligns with the city’s next growth cycle.
“This represents a rare opportunity to secure a complete, stand-alone character headquarters within Auckland’s tightly held CBD core.
"The convergence of CRL infrastructure, Midtown regeneration and significant private investment creates a compelling proposition for both owner-occupiers seeking brand presence and investors targeting long-term capital growth.”
The building offers flexible floorplates and Business–City Centre zoning, allowing uses ranging from boutique headquarters and professional practices to creative studios and serviced offices. Its Albert St frontage also offers naming rights potential.
Alex Wefers, JLL director, says character buildings with this level of refurbishment and connectivity are becoming increasingly scarce in the CBD.
“The comprehensive upgrades and vacant possession eliminate immediate capital expenditure while positioning buyers to benefit from strengthening office demand as CRL infrastructure comes online.”
Jonathan Ogg, JLL executive director, says the asset offers genuine flexibility for an owner-occupier seeking an authentic CBD presence, an investor targeting lease-up potential or a developer considering alternative uses.
“The zoning supports broad use rights and strategic repositioning options as the precinct evolves.”
The property will be sold by auction scheduled for 10am, Tuesday March 24, at JLL offices.
- Supplied by JLL
