Upmarket unit ideal for small business
An upmarket Parnell office and retail property ideally suited to an owner occupier business looking to enhance its image or a small investor seeking to become a sought-after landlord is due to go under the hammer this month for an urgent sale.
“As a part of the Arena and Quest Hotel complex, this is an affluent address with a very high profile to Parnell Road,” says Lyn Lockwood of Hallmark Real Estate who is marketing 301/6-8 Heather St for sale by auction on site at 3 pm on Tuesday March 17.
“The freehold unit sits to the right of the front entrance at the beginning of Heather Street in an elevated position,” Lockwood says.
“Company signage is very visible to traffic and to pedestrians travelling on Parnell Road. Customers and employees have the benefit of Wilson Parking metred car spaces underneath the building or in a cheaper spot along by the railway line off Cheshire Street.”
Lockwood says Unit 3B encompasses 80 sq m of lettable space with a 20 sq m courtyard and has a capital valuation of $640,000.
“Construction is principally of concrete but features include under floor heated tiling, air conditioning, attractive wooden flooring in the reception area and an overall quality fit out.”
She says the interior of the unit is “dressed and ready for anyone in the medical or beauty field” with three consulting rooms containing wall to wall vanity units with “stylish basins”, ample shelving and storage cupboards.
Counter and product display.
The unit is divided into three rooms and incorporates a waiting room, reception area, kitchenette, full bathroom, changing room, lockers and storage area. Light fittings, fitted floor coverings, an air conditioning unit, underfloor heating, partitioning, internal fixtures and fittings will all form part of the property assets included in the purchase price. Outgoings for Unit 3B include Auckland Council rates of $5960 per annum and an annual body corporate contribution of $3603.68 less 10 per cent for prompt payments. “The unit is in an excellent light and sunny northwest position in the heart of Parnell and is among prestigious neighbours who include a hotel, popular cafes, offices, retail outlets and residences.
Lockwood says the unit would ideally suit as the premises of a small service business like a marketing agency, architects, accountants, solicitors or a specialised retailer who could attract passing traffic from the constant stream of pedestrians walking to the numerous popular cafes and restaurants in the area or into the neighbouring Quest hotel.
“The communal lap pool makes for a refreshing break on hot days and the gym offers the chance to take a morning, lunchtime or after five workout.”
Lockwood says purchasing the unit would make sense for an individual business owner as an affordable way to become independent and reduce a mortgage instead of paying more and more rent in a rising rental market.
“This type of property is also often sought by smaller investors looking for a chance to enter the commercial property market but which doesn’t come up for sale very often,” she says. Lockwood says the unit stands to benefit from future development in the area. “Clearing of the nearby historic rail yard is in progress with proposals for a direct walkway to the University of Auckland, a major local train station and a number of commercial activities and residential developments there and in Cheshire Street that will draw more people to this part of Parnell.”
What’s on offer?
The property: Parnell retail or office unit
Location: 301/6-8 Heather Street
Agency: Hallmark Real Estate
Sales method: On site auction.
Date: 3 pm on Tuesday March 17.
- High exposure to Parnell Rd.
- Area of 80 sq m with 20 sq m courtyard.
- Capital valuation of $640,000.
- Ideal for owner occupier in the medical or beauty field.
- Also suited to service firm like law practice or architect.