We are proud to bring Tuia Te Ora - Commerce Central to the market.
- Government tenant
- Returning $1,041,000 per annum (plus GST) (rising to circa $1,185,000 in July 2024)
- 3,522 sqm of A grade office & clinic space
- Seismic rating 100%
- Excellent parking ratio (1 per 27 sqm)
- WALT - 4 years
- Significant tenant investment
Over the past nine years, Health New Zealand - Te Whatu Ora has expanded to occupy over 92% of the premises, with extensive investment in the past 3 years including 38 electric charging stations, data cabling, security systems and 23 clinic fit-outs.
The building's design creates functional workspaces that seamlessly connect different departments. Notable features include parquet floors, executive offices, full-height architectural joinery for natural light, & exterior copper spouting.
Originally built in 1980, the building has been stripped back to its frame and extensively refurbished, remodeled & extended. The front portion of the building was rebuilt in 2009 and the balance of the exterior building has been re-clad. The replacement of the upper roof later this year will mean any purchaser will obtain a building that is "as good as new". It offers flexibility with multiple intertenancy walls for potential future transitions to smaller tenancies.
The property includes a secure rear yard with 110 car parking spaces and an additional 19 car parks at the front, including five accessible spots. The other tenants - Youth Horizons, UDC, & Totara Trust - occupy the remaining 8% of the building. There is also an opportunity to purchase the neighboring Hirepool tenancy, creating the option for potential Health NZ expansion in the future.
Located in Commerce Street, a fringe CBD location close to the bus station and with good roading network connections making it an ideal place for a community health service hub.
Contact Megan (027 346 4194) or John (0272 808 980) today to discuss this opportunity.
Tenders Close: 2pm Thurs 11 July