Positioned in the heart of one of Auckland's most tightly held city fringe precincts, this quality office investment offers a rare opportunity to secure a fully leased commercial asset on prestigious Parnell Road. Occupying an entire floor, the property provides approximately 446m² of well-presented office accommodation split across three tenancies, delivering diversified income with future flexibility as lease events arise.
With two longstanding tenants who have occupied the building for circa 20 years on monthly periodic agreements and a new third lease coming up for renewal in 2027, the property presents genuine rental upside while also appealing to future owner-occupiers seeking a foothold in Parnell. The building benefits from a bankable 70% NBS seismic rating, secure on-site parking and outstanding connectivity to Auckland CBD, the motorway network and Parnell's renowned hospitality precinct.
Key Features:
Currently returning $123,424.38 net pa + GST
446m² fully tenanted office floor
Diversified income across three tenancies
70% NBS seismic rating
Two secure on-site car parks
Future rental upside and owner-occupier flexibility
Earmarked for continued commercial and residential development over the next 18 months; Parnell, one of Auckland's oldest suburbs, will continue to be one of the city's most desirable areas to live, work and operate business. Parnell provides easy access to top amenities including cafes, restaurants and bars along with the proximity to major transport hubs including rail, bus and arterial routes.
For more information or to arrange a viewing call or email City Fringe Sales & Leasing specialists:
Gary Joseph 022 041 9095 or (09) 253 9330 garyjoseph@jamesgroup.co.nz
Nick Lindberg 027 522 4330 or (09) 253 9330 nicklindberg@jamesgroup.co.nz
For a full range of currently available properties, check out www.jamesgroup.co.nz
