Rosedale trophy building fit for a king
The Burger King headquarters is for sale at 6 Antares Place, Rosedale.
A two level commercial and warehouse building jointly occupied by the head office of fast-food retailer Burger King is for sale in Rosedale on Auckland’s North Shore.
“This high quality trophy property at 6 Antares Place should attract high net-worth individuals, family trusts or corporate investors,” says Marty Roestenburg of Bayleys Manukau who, with Laurie Burt of Bayleys North Shore Commercial, is marketing it for sale by auction on July 1 as part of Bayleys’ latest Greater Auckland portfolio.
“Constructed in 2005 and recently refurbished, this freehold stand-aloneproperty with basement car parkingis immaculately presented,” Roestenburg says. “Having a dual tenancy means a diverse risk investment along with a total income of $292,896 net per annum.”
Occupying the building with Burger King is Engeo, a multi-national award-winning engineering consultancy.
Roestenburg says one of the attractions of the building to Engeo was its access to warehouse storage.
Engeo Ltd has a four year lease commencing this month, paying a net annual rental of $82,896 with a four year right of renewal and rent reviews initiated every two years linked to the Consumer Price Index.
Lead tenant Antares Restaurant Group Ltd (Burger King) has an eight year lease, which also started this month, for a net rental of $210,000 per annum with an eight year right of renewal and rent reviews every three years,
The building is 1266.92 sq m in size and is located on a freehold rectangular land area of 2482 sq m. The basement has 21 covered car parks and there are an additional 30 uncovered car parks on a hot mix-sealed platform. The land is zoned Business 9 (office park zone).
Construction is of reinforced concrete foundations, with concrete slab flooring, structural steel framework, full height steel stud, partition walls internally, powder coated aluminium joinery with glazed clear glass, and Xincalume longrun roofing.
Interior view of an office set-up within 6 Antares Place.
The ground floor area encompasses a total of 685.22 sq m comprising 391.33 sq m of offices and amenities; 185.64 sq m of warehousing; 10.85 sq m of canopy; and 97.4 sq m of courtyard. Staff facilities include quality bathrooms and lunchroom.
The upper level is solely office space of 560.70 sq m and is divided into 10 offices served by a small kitchenette and bathroom amenities. A main stairwell rises from the reception area while a secondary stairwell leads down to the warehouse.
The entry and lobby feature double doors and a high-stud design with a polished concrete floor. The ceilings are suspended mineral fibre tiles, with telco’ and electrical cabling suspended in a grid system to allow for multiple different occupancy configurations.
Building services include a dual heating and ventilation air conditioning system, a lift capable of transporting disabled people, fire alarm system and fire-fighting equipment.
The building, with future expansion potential, has a prominent road frontage of 36.8 metres and has a strong profile off arterial Apollo Drive.
“It is just a few hundred metres away from both the north-bound and south-bound exits to the State Highway 1 northern motorway,” Burt says.
“A full range of commercial support services are all within walking distance like convenience food outlets, a selection of bigger retail banks, service stations, two high-end niche supermarkets and a substantial licensed hospitality operation – ensuring staff working within the offices are well served.
“This is an immaculately presented premises with an exceptional fit out..” Burt says.
“The adjacent Interplex Business Park with a number of national and multinational companies testifies to the quality and calibre of this location and property.”
Marty Roestenburg (left) and Laurie Burt (right) of Bayleys.