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Press Release – Bayleys
The Auckland city-fringe offices housing a lighting distributor whose products illuminate some of the world’s most famous landmarks have been put up for sale.
The modern, refurbished single-storey building for sale at 5 Farnham Street, Parnell, is fully leased to Targetti Lighting and award-winning New Zealand home-builder Penny Homes. The two leases generate total net rental income of $127,516 plus outgoings and GST per annum.
Some 189 square metres of office space and three car parks are leased to Targetti (NZ) Limited, part of a global group which has designed and produced architectural light fixtures since 1928. The company supplies major retailers and its lighting solutions adorn commercial and public sites across New Zealand.
Press Release – Bayleys
A substantial vacant warehouse with office and showroom for sale on the fringe of Auckland’s central business district is expected to attract keen buyer interest.
The property for sale sits at the lower end of St Georges Bay Road, Parnell, in an area which has rapidly evolved into a fashionable commercial hub housing a number of businesses with a creative and design edge.
Bayleys salesperson James Were said the listing represented a unique opportunity to secure a high-stud, clear-span warehouse within 20 minutes’ walk of Queen Street.
“Warehouses in this location are scarce. Positioned right on the city fringe, moments from the CBD, motorways, public transport hubs and the port, this vacant property will turn heads among owner-occupiers and add-value investors.
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