A versatile refurbished office building for sale on Auckland’s CBD fringe offers big potential in a precinct poised to be enlivened by a new City Rail Link station.

The vacant property with two levels of offices plus secure basement parking sits just off Karangahape Road with excellent profile to the motorway near ‘Spaghetti Junction’. It will be of interest to owner-occupiers and investors looking to house new tenants in an area tipped for growing demand.

The location offers excellent motorway and public transport links and proximity to vibrant Karangahape Road. The new Karangahape Station being developed as part of the CRL is a three-minute walk away. This is tipped to lift activity and demand in an area seen as having considerable potential given its proximity to the city centre.

The freehold land and building at 17 South Street, Newton, Auckland, are being offered for sale through Stephen Scott and Simon Farland of Bayleys Real Estate.

The property will be sold by deadline private treaty closing on Thursday 13 March, unless it is sold prior.

The three-level building of approximately 598 square metres sits on some 449 square metres of freehold land.

“The combination of proximity to the motorway, the vibrant ‘K Road’ area, and the upcoming CRL makes this building a strategic investment,” Scott said.

“An extensive modern refurbishment and flexible floor layout make this a high-quality office space that can be tailored to suit various business needs. There is an opportunity for a buyer to occupy and establish their business in a location with a big future, or for an investor to lease it out to one or multiple tenants.”

The property features two levels of high-quality office space with plenty of natural light. These offer a modern, flexible layout including significant infrastructure for tech-based users. The lower level includes a basement parking area for 12 vehicles, a highly desirable feature in this city-fringe area.

“The recent refurbishment included air conditioning, cabling, and installation of a new roof – meaning the way is paved for a new owner with the hard work already done,” said Scott.

The building has an Initial Evaluation Procedure seismic rating of 75 percent of new building standard.

Business – City Centre zoning permits a wide range of uses as well as long-term development possibilities.

Farland said the strategic location was a key selling point.

“Situated just off Karangahape Road, this property is the perfect balance of accessibility and convenience with the benefit of handy access to the motorway and the soon-to-be-completed CRL station.

“The CRL will revolutionise Auckland’s public transport system with the new Karangahape Station giving fast and efficient access to the CBD and beyond.

“South Street is conveniently positioned close to cafes, shops and entertainment options. Lying just south of the city centre, Newton is already a lively and diverse inner-city suburb combining residential, commercial and cultural spaces – and is poised for even better things,” Farland said.