Scoop has an Ethical Paywall
Commercial property fit for a ‘king’
Commercial property fit for a ‘king’
A freehold stand-alone two-level commercial and warehouse building with basement car parking is for sale in Antares Place on Auckland’s North Shore.
Constructed in 2005 and recently refurbished, this high quality trophy property at 6 Antares Place in Rosedale is immaculately presented, and is jointly occupied by the head office of fast-food retailer Burger King, and multi-national award-winning engineering consultancy Engeo.
One of the attractions of the building to Engeo was its access to warehouse storage.
The dual tenancy means diverse risk investment - generating $292,896 total net rental per annum.
The building has prominent road frontage of approximately 36.8 metres, and enjoys a strong profile off popular Apollo Drive. It is an immaculately presented premises which has an exceptional fit out deserving of such a modern, quality property.
Situated adjacent to the prestigious Interplex Business Park and surrounded by an elite selection of national and multinational companies testifies to the quality and calibre of this location and property
The building is approximately 1,266.92m² in size and is located on a freehold rectangular land area of approximately 2,482m². It is supported by 21 covered car parks in the basement and an additional 30 uncovered car parks on a hotmix-sealed platform. The land is zoned Business 9 (office park zone).
Lead tenant Antares Restaurant Group Ltd (Burger King) has an eight year lease of the premises – recently starting in May 2015 and with a further eight-year right-of-renewal. The net rental is $210,000 per annum. Rent reviews are every three years,
Engeo Ltd is the secondary tenant on a four year lease recently commencing in May 2015 and with a further four-year right-of-renewal. Their net rental is $82,896 per annum – with rent reviews linked to the Consumer Price Index and initiated every two years.
This high quality-built property is being sold at auction on July 1 and is being marketed by salespeople Marty Roestenburg from Bayleys Manukau and Laurie Burt from Bayleys North Shore.
Mr Roestenburg said the 6 Antares Place building was an incredible trophy investment opportunity – and would be attractive to high net-worth individuals, family trusts or corporate investors.
The building was constructed in 2005 and has 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.
The ground floor offices occupy a total of 685.22 square metres. This comprises 391.33 square metres of offices and amenities, 185.64 square metres of warehousing, 10.85 square metres of canopy, and 97.4 square metres of courtyard. Staff amenities include quality bathrooms and lunchroom.
Mr Roestenburg said there was the potential for future expansion of the building – which enhanced its flexibility.
The upper level is solely office space of 560.70 square metres, and is divided into 10 offices served by a small kitchenette and bathroom amenities. There is a main stairwell leading from the reception, and a secondary stairwell leading 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, with fire alarm and fire-fighting equipment.
Constellation Drive, along with Upper Harbour Drive, is the major arterial link across the northern North Shore in an east/west direction – linking the East Coast Bays with Albany and in turn Greenhithe to the Upper Harbour Bridge to the west.
The 6 Antares Place building is just a few hundred metres away from both the north-bound and south-bound exits to the State Highway 1.
A full range of commercial support services – such as convenience food outlets, a selection of bigger retail banks, service stations, two high-end niche supermarkets, and a substantial licensed hospitality operation – are all within walking distance of the premises… ensuring staff working within the offices are well served.
Fact File:
• 6 Antares Place.
• High quality 1,266.92 two-storey building on 2482 square metres of land.
• Zoned Business 9.
• Dual tenancy - including Burger King’s headquarters.
• Total net rental of $292,896.
• Prominent road frontage.
• Close to State Highway One in the middle of one of Auckland’s premier commercial and light industrial zones.
• Only 10-years-old and recently refurbished.
• To be sold at auction on July 1 at Bayleys Maritime Square.
Bayleys Real Estate
New Zealand
Bayleys is New Zealand's largest full-service real estate company. We offer expertise in the marketing and sale of a wide range of property, including residential real estate, farms and lifestyle blocks, and commercial and industrial property. This includes tourism and business sales such as hotels and motels. We also cover the real estate markets in Fiji and other Pacific Islands.
Bayleys also provides a complete property and facilities service including property management and valuations teams focused on achieving both Owner and Tenant satisfaction.
No other real estate company can match our breadth of coverage across all market sectors throughout New Zealand.
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
NZ Anti-Vivisection Society: Auckland Rat Lovers Unite!
University of Canterbury: $1.35 Million Grant To Study Lion-like Jumping Spiders
Federated Farmers: Government Ends War On Farming
