Auckland, 2 March 2015 - An industrial building in Morningside is being renovated and upgraded to provide a mix of character office, showroom and warehouse business accommodation aimed at smaller to medium sized tenants.
The building at 16 Taylors Road has a net lettable area of 1429sqm and is made up of six units which are undergoing an extensive refurbishment The units are available for lease through Peta Laery of CBRE and William Coates from Bayleys.
“This is one of your older style saw tooth industrial buildings which while they are no longer suited to modern warehousing requirements can be converted into very attractive character space,” says Coates. “This style of building provides plenty of natural light and when combined with exposed ceiling beams and brickwork and polished concrete floors in these premises offers funky workspace with a very nice ambience about it.”
Laery says as part of its refurbishment, the building is undergoing a complete earthquake strengthening to 85-100 percent of New Building Standard which will provide long term seismic compliance. “The owners are developing a solid, good quality building with highly specified, efficient building services and are looking for complementary tenants such as galleries, cafes, architects or other professional firms wanting character space. They are happy to work in partnership with tenants and adapt the existing space to suit their particular needs.”
The refurbishment of the front two units is nearing completion and these are available for immediate occupation. One comprises a ground floor are of 230sqm with a mezzanine area of 86sqm while the other offers ground floor space only of 231sqm. “These units have substantial, high profile frontage onto Taylors Road and their refurbishment has included removing roller doors and replacing them with floor to ceiling biflolding glass doors to improve the building’s appearance and visibility for showroom space,” says Laery.
The remaining tenancies encompasses two ground floor only tenancies of 176sqm and 196sqm and two which also offer mezzanine space and are 251sqm and 259sqm. One of these has a good quality apartment of 116sqm on the upper level. The premises have a drive around right of way off and to Taylors Road with carparking located at the rear of the site.
The property is located in the Morningside industrial precinct just beyond the Kingsland commercial centre. Directly opposite is Mt Albert Primary School and a Briscoes outlet store and next door is Events Clothing which specialises in sailing and sports clothing. Coates says the refurbishment of their premises has created very attractive space and gives a good indication of what can be achieved with this type of building. Other occupants in the area include Green Acres, Carlton Group Hire’s head office, Lollipops and Morningside Kindergarten and the St Lukes shopping Centre is approximately 300 metres away.
“We are seeing a number of smaller pockets of fringe industrial space close to the central city changing character as industrial tenants move to areas like Rosebank Road in nearby Avondale which offer more modern warehouse accommodation,” says Coates. “The buildings they leave behind are being modernised while retaining their character features and are being broken down into smaller tenancies. These have the flexibility to cater for a whole range of users from businesses with a shwroom component to professional firms and this is certainly the case with this Taylors Road building. Residential developments or mixed use developments combing both residential and business activities are also becoming more common in these areas and are helping to rejuvenate them.”
Click to view the NZ Herald article
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
