A vacant commercial premises on the ground floor of a popular Grey Lynn apartment building offers a chance for purchasers to leverage occupancy trends and a preference for properties that promote a work-life balance for tenants.

The strategically located office and showroom, spanning 138sq m (more or less) of unit-titled floor area at 54 Surrey Crescent, occupies a prime position within walking distance of key public transport links and the Grey Lynn Village.

Bayleys salesperson James Were says the property is offered to the market at a critical juncture for suburban offices as the divide between premium and secondary-grade accommodation widens.

“Occupiers continue to seek higher amenities as they look to attract staff back to the office environment following the work-from-home movement. Sustainability credentials are another important aspect for investors, and we can see that the flight-to-quality trend is resulting in historically low vacancies and significant rental growth across prime properties.

“The subject property occupies the ground floor of a popular apartment building by Ockham Residential, a leading developer in the urban regeneration space renowned for its use of shared common areas for residents.

“The Isaac was built in 2013 and features access to a large rooftop terrace and lounge area with raised grass lawns, plant beds, trees and outdoor furniture, gaining panoramic views from the Grey Lynn ridgeline to Auckland’s central city and the Hauraki Gulf. These features promote tenant wellbeing and create an attractive environment for both professional and client interactions.”

Mr Were is marketing Unit G02 for sale by deadline with Bayleys colleague Jill Downie, closing at 4:00 pm on Tuesday, 16th April 2024 (unless sold prior).

The residential development - The Isaac – is centred around a private lane and features three buildings with eye-catching red brick and contrasting concrete panelling.

“Unit G02 faces north towards Surrey Crescent in The Isaac’s First Building, and gains an exceptional street profile for businesses seeking high exposure,” says Bayleys salesperson Jill Downie.

“Previously used as the developer’s sales suite, the office and showroom are light-filled and open, with modern staff facilities, four undercover car parks, and two storage lockers.

“The added bonus of access to the roof-top terrace provides additional break-out facilities and an attractive platform – arguably featuring one of Auckland’s most spectacular 360-degree vistas – for client interactions.

“The building features a seismic assessment of 100 percent of New Building Standard, with construction delivered to the highest specifications and an attractive aesthetic which catches the eye of passing pedestrian and vehicle traffic, in addition to an affluent residential catchment.”

Surrey Crescent provides direct access from Great North Road to Westmere, Grey Lynn, and Western Springs. It is also close to the North-Western motorway interchange opposite MOTAT and the Auckland Zoo.

“The strategic location in a community predominantly occupied by families, upscale retailers, and service providers allows investors to secure a desirable asset with a point of difference that will be in demand among occupiers.

“Alternatively, owner-occupiers may look to acquire the property for their own in a hedge against inflation and still-rising rental rates for suburban accommodation.”

Click here for more information on the listing.