Unit 4 at 40 Arrenway Drive, Rosedale
A prime commercial property featured on the North Shore is Unit 4 at 40 Arrenway Drive, Rosedale, which is being marketed by commercial sales agent David Goodhue and which will be auctioned at 10am on Thursday, August 25, at Barfoot & Thompson Commercial’s Kitchener Street offices unless it sells earlier by negotiation.
The 125sq m stratum in freehold property with three car parks is zoned Industrial D and is leased toan independent IT professional services company, which has occupied it from 2013 paying annual rent of $29,840 plus outgoings, plus GST.
"The current tenant has renewed its lease till 2018 with further rights of renewal for two years," Goodhue says.
"The office with a mezzanine floor was constructed in 2004 using modern tilt-slab and modern building techniques and is within a group of eight loft-styled commercial units with retail units below which are all fully tenanted and front onto Triton Drive.
"This sale represents the opportunity to purchase a property with a strong and long history with its current tenant in an area boasting the lowest commercial vacancy rate it has ever seen," says Goodhue.
The property is situated on the corner of Arrenway Drive and Triton Drive only minutes from the Greville Road State Highway One motorway interchange and close to the Albany Mega Centre.
"This location will also be positively impacted by significant infrastructure projects like a bus station planned for the northern bus lane along Arrenway Drive feeding the Mairangi Bay office precinct," says Goodhue.