Modern office unit in Albany

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Unit E4 is on the first-level property of 27-29 William Pickering Drive. Photo / Supplied

By True Commercial

JLL is marketing for sale a modern unit-titled office unit within a complex on William Pickering Drive in the centre of Albany Business Park.

Unit E4 at 27-29 William Pickering Drive has a total floor area of 255sq m and is on the first level of the building where it has elevated views over William Pickering Drive and the north and west aspects of the precinct.

JLL agent Michael Perree who, alongside JLL agent Marg Mills, is selling the property, says it would suit any business wanting a high profile for their brand. The property is for sale by deadline private treaty, closing June 7.

"This is an excellent opportunity for owner-occupiers and investors alike," Perree says.

"The property has excellent exposure onto William Pickering Drive, which is an Albany arterial road that connects the northern and southern ends of Albany Business Park, and it's about 4km from the State Highway 1 interchange.

"According to Statistics New Zealand, Albany's population is expected to grow by 123 per cent between 2016 and 2043 which will represent a significant boost to local businesses," Perree says.

The property was previously owned and operated by The New Zealand Institute of Health and Fitness. It is now vacant and has a projected market rental of $70,000 per year plus outgoings.

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"The building was constructed around 10-15 years ago and has been well maintained by the body corporate," Perree says. "It is a tilt-slab construction with a clean ceramic tile finish and tinted windows."

"The unit for sale benefits from a mix of private and open plan offices, seven carparks, a boardroom, breakout areas, air conditioning and multiple bathrooms. It also shares a foyer and stairs with an accountancy firm."

The property is zoned Light Industrial under Auckland's Unitary Plan with permitted uses including manufacturing, production, logistics, storage, and transport and distribution.

The business park is home to a wide variety of businesses, including a civil engineering firm, a legal firm, a physiotherapist and a light manufacturer and distributor.

JLL's national research manager Tom Barclay says the North Shore remains a popular option for occupiers not requiring office space in the CBD.

"Given how tight the CBD market is at present, any quality space on the North Shore will be highly sought after," Barclay says.

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