Office occupiers looking to lease cost-effective space in Auckland CBD are being offered the chance to secure smart premises directly outside the new Te Waihorotiu City Rail Link station.
Matt Hockey and Stefan Winstanley from CBRE’s office leasing team are marketing tenancies in the Wellesley Centre, on the corner of Albert and Wellesley Streets, with flexible options for small businesses right up to larger multi-floor tenancies.
Te Waihorotiu is expected to become New Zealand’s busiest train station, putting the Wellesley Centre at 44 Wellesley Street directly beside one of the country’s most important new transport links, said Hockey.
“At a time when energy costs are increasing rapidly, this is an opportunity to lease newly-refurbished office space at an extremely good value rental level in a location that is about to become one of the best connected by public transport in the Auckland CBD,” he said.
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“You are right on the intersection of Albert and Wellesley Streets, just metres from the main entrance into Te Waihorotiu Station.
"For occupiers that want to give their staff and clients easy access to their premises from around Auckland City, that is a major advantage.”
The building provides office space on levels four to 12, with car parking on the lower floors.
Businesses can lease a full floor of about 332sq m or take smaller part-floor tenancies, while the flexibility also exists to make multiple contiguous floors available, or even the whole building for a larger occupier (up to 3,300sq m).
The building also offers high-profile signage and naming rights.
The office floors have brand new fitouts including new carpet, contemporary kitchens and glass-partitioned boardroom and meeting room areas, with good city views from the upper levels.
The building’s main lobby has also been renovated to a high standard, providing a corporate-grade arrival space with refurbished lifts.
The combination of presentation, flexibility, easy commute and affordable rent makes the space stand out in the current market, said Winstanley.
“For a CBD address with this degree of connectivity, the Wellesley Centre is a very good value option.
"The spaces are contemporary, flexible and ready to occupy, and the pricing will attract tenants who want to position themselves for Auckland’s midtown regeneration.”
Major public and private investment is reshaping Auckland’s midtown precinct, with around $10 billion of projects underway anchored by the CRL and Te Waihorotiu Station.
Among the projects underway are the refurbishment and development of The Formery, Radisson Red hotel, Bledisloe House, Mosiac and the Exchange, while the Symphony Centre and linked laneway works are set to add further mixed-use activation around the station precinct.
Warren Hutt of C.P. Group, the Wellesley Centre’s owner, said the leasing opportunity is strategically aligned with the improving outlook for midtown as the station nears completion and confidence returns to the precinct.
“Midtown is changing rapidly and the Wellesley Centre is in exactly the right place to benefit from the uplift which is underway in the area.
"We have invested in presenting the property at a corporate-grade level designed to appeal to a wide range of office occupiers, because we see exceptional long-term value in being on this corner as investment into the surrounding area ramps up.”
The building is well suited to businesses that want to secure a CBD address before the full benefit of the new station and surrounding investment becomes reflected in local market rentals, he said.
“There is a lot of momentum building around this part of the CBD. Tenants can secure quality space now, in a location that will only become more connected and more active as the City Rail Link opens this year and neighbouring projects are completed.
"It is also well timed given the upcoming disruption which is likely on the waterfront side of the CBD.”
- Supplied by CBRE
