An impressive full-floor office with a wraparound balcony in Auckland Central’s prestigious financial and legal precinct is now available for sale, offering owner-occupiers and add-value investors an opportunity to acquire prime real estate in a heritage landmark.

Bayleys Auckland Metro Markets associate director Phil Haydock is marketing the 202sqm (more or less) Unit 10A in the South British Insurance Building at 3-13 Shortland Street, alongside colleagues Jack Kiely and Alan Haydock.

The property features in Bayleys’ latest Total Property portfolio and is offered for sale by auction, scheduled at 11:00 am on Wednesday, 30th October 2024 (unless sold prior).

“This is an outstanding opportunity for buyers to secure a distinctive office space in a premium CBD location,” Phil Haydock says. “With its character features, full-floor layout, and proximity to key transport hubs such as Britomart and the ferry terminal, the property offers immediate appeal to a wide range of users.”

Located on the corner of Shortland and High Streets, the South British Insurance Building is one of the city’s most admired heritage buildings, with two structures built separately in 1926 and 1966. The available unit is located in the 1966 extension, which has a seismic assessment of 100% of NBS (A Grade).

Bayleys Auckland Metro Markets broker Jack Kiely says the sub-penthouse has a modern fitout, providing a sleek and contemporary interior that contrasts with the building’s heritage façade.

“In addition to a versatile mix of partitioned and open-plan offices, the property features exclusive use of its outdoor decking, providing an opportunity for fresh air and sunshine – a rarity in central city office premises.

“Undoubtedly, its greatest strength lies in its versatility and capacity to sustain various operations. Whether you’re a business aiming for a premium CBD office or an investor looking for value-added potential, the location, flexible layout, and unique character features distinguish the subject property on today’s market.”

Bayleys Auckland Metro Markets director Alan Haydock says the property’s prime location just off Queen Street and at the heart of Auckland’s financial and legal district is an attractive feature for potential purchasers.

“The property sits amidst a vibrant mix of premium office buildings, including the Vero Centre, Deloitte Tower, and Auckland’s newest precinct - Commercial Bay. Furthermore, the prestigious address offers the dual advantage of a city centre presence while providing convenient lifestyle amenities for staff and clients.”

“Workers will benefit from easy access to public transport, dining, and retail options, making it a desirable choice for employers with a mandate to attract staff back to the office.

“The sub-penthouse is a versatile property that offers a great chance for both investors and owner-occupiers to establish a foothold in a prime CBD location. This well-presented asset allows for immediate occupancy and significant potential for value enhancement, making it an extremely attractive opportunity.”

Click here for more information on the listing.