For those seeking a stylish city-fringe commercial space with serious X-factor, 10 Adelaide St, Freemans Bay, deserves attention.
Nestled in the Victoria Quarter - one of Auckland’s most exciting and fast-evolving precincts - it offers 106sq m of high-stud, loft-style space with flexibility, quality and location all wrapped into one freehold unit.
“This is a rare opportunity to own a self-contained commercial space in a tightly-held part of town,” says Barfoot & Thompson Commercial broker Reese Barragar.
“It’s smart, it’s got character and it works for a wide range of potential occupiers - from designers and consultants to boutique agencies or showroom-style retail.”
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The ground floor spans approximately 70sq m and includes a full open-plan workspace, kitchenette and toilet facilities, while the 36sq m mezzanine offers additional light-filled workspace with elevated windows, a bathroom and shower. While the bathroom addition is not consented, it has been professionally installed, adding extra amenity to the space.
The unit includes one dedicated carpark right outside the entrance, with a second shared park within the complex.
“It’s compact but beautifully formed,” Barragar says. “The layout is efficient, the natural light is excellent - and the overall feel is crisp, modern and professional, without being too corporate or cold.
"It could very well suit an owner-operator who wants their space to reflect their brand and values.”
With Business-City Centre zoning, the site benefits from the highest development intensities in Auckland and a broad range of permitted uses.
With a lease appraisal of $60,330 net annually plus GST, it’s also an attractive option for investors looking for strong fundamentals in a growth location.
The property boasts an A+ seismic grade (129 per cent NBS), and its position is hard to beat – just minutes from Victoria Park, City Works Depot, Les Mills, the Viaduct, Ponsonby and the CBD, with motorway access and public transport links close by. The location is high-performing pocket of Auckland that continues to see increased density and demand from commercial and residential investors alike.
“This location’s only getting better,” Barragar says, “and quality freehold units like this are few and far between.”
10 Adelaide St, Freemans Bay, is for sale by auction on Wednesday June 11, unless sold prior.
- Supplied by Barfoot & Thompson
