 Asset Class: | Office |
 Price: | $ 1965000 |
 Net Yield: | 8.00 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
Secure a superior bottom drawer investment with this superbly presented, full-floor commercial unit in the desirable Harbourside Business Park. Fully leased to MyHR on a new seven-year term, this opportunity delivers immediate and reliable income from a well-established and rapidly growing business.<br><br>Comprising a total of 450sqm (approximately), the property blends modern design with practicality and benefits from sweeping views over the Waitematā Harbour, generous natural light throughout and abundant onsite car parking. Strategically positioned off Rosebank Road, this location offers exceptional motorway connectivity via SH16 and the Waterview Tunnel, ensuring seamless access to Auckland’s CBD, airport, and wider metropolitan area.<br><br>The surrounding precinct is home to a wide mix of national and international brands, highlighting the strength and desirability of the area. A rare opportunity for astute investors seeking a fully-leased, hands-off commercial investment with a quality tenant in place. <br><br>Constructed in circa 2004, this modern commercial unit presents a rare opportunity in the tightly held Rosebank Business District, secured by a long-term lease to a high calibre international tenant, MyHR. Investment opportunities of this quality rarely present themselves to the market. <br><br>Located in the Harbourside Business Park off Rosebank Road, it is a well-connected and highly convenient location. It consists of two evenly sized freehold unit titles that have been combined to provide a single, newly refurbished, full floor commercial premises with sweeping harbour views. <br><br>This investment provides an effortless income stream with fixed annual increases, underpinned by a new seven-year lease to MyHR.
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How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
Rosebank Road is widely recognised as one of Auckland’s major industrial/commercial regions. The subject property is located on the eastern side of Rosebank Road, within the city-fringe suburb of Avondale.<br><br>Rosebank Road is a busy arterial route that benefits from its close proximity to the newly opened Waterview Tunnel, significantly enhancing connectivity to wider Auckland and Auckland International Airport.<br><br>Set back from the main road in the modern and highly desirable Harbourside Business Park, this development offers a premium business environment with excellent infrastructure. Additionally, the property is approximately 10 km’s from Auckland’s Central Business District, with an estimated travel time of just ten minutes, making it an ideal location for businesses requiring seamless access to key commercial hubs.
Additional Location Information FileFounded in 2012, MyHR has quickly established itself as a leading provider of integrated HR software and expert advisory services, offering businesses a comprehensive, AI-powered platform supported by a team of seasoned HR professionals.<br><br>The company has experienced significant growth, now supporting over 45,000 employment relationships across more than 1,500 businesses in Australasia and Canada. <br><br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.myhr.works/nz"><u>https://www.myhr.works/nz</u></a>
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4/485B Rosebank Road, Avondale - 218sqm, $52,000 p.a $239 / sqm, 8 Carparks @ $15 pcpw GF A, 87 Central Park Drive Henderson, 233 sqm $60,681 p.a, $260 / sqm, 8 Carparks @ $20 pcpw GF B, 87 Central Park Drive Henderson - 369 sqm, $95,940 p.a, $260 / sqm, 5 Carparks @ $20 pcpw 699 Rosebank Road, Avondale - 226 sqm, $63,280 p.a $280 / sqm, 12 Carparks @ $20 pcpw
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Unit B - 225 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Unit C - 225 sqm</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Total - 450 sqm</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">20 onsite car parks (Unit B - 10 parks, Unit C - 10 parks)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">New 7-year lease</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Net annual return of $157,200pa + GST (Premises - $126,000 p.a - $280 / sqm, Carparks - 20 @ $30 pcpw)</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Fixed annual increases of 2.5%</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Business - Light Industry Zoning</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Leaseback, The vendor doesn’t want to leave the location</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">10 mins drive to Auckland CBD</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Business is trading really well, expanding internationally</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Cadpro, the tenant below is an owner operator and would like to buy but doesn’t have funding </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Two units - Potential to split in the future and sell down</span></p></li></ul>
