"According to Statistics New Zealand, Albany's population is expected to grow by 123 per cent between 2016 and 2043 which will represent a significant boost to local businesses," Perree says.
The property was previously owned and operated by The New Zealand Institute of Health and Fitness. It is now vacant and has a projected market rental of $70,000 per year plus outgoings.
"The building was constructed around 10-15 years ago and has been well maintained by the body corporate," Perree says. "It is a tilt-slab construction with a clean ceramic tile finish and tinted windows."
"The unit for sale benefits from a mix of private and open plan offices, seven carparks, a boardroom, breakout areas, air conditioning and multiple bathrooms. It also shares a foyer and stairs with an accountancy firm."
The property is zoned Light Industrial under Auckland's Unitary Plan with permitted uses including manufacturing, production, logistics, storage, and transport and distribution.
The business park is home to a wide variety of businesses, including a civil engineering firm, a legal firm, a physiotherapist and a light manufacturer and distributor.
JLL's national research manager Tom Barclay says the North Shore remains a popular option for occupiers not requiring office space in the CBD.
"Given how tight the CBD market is at present, any quality space on the North Shore will be highly sought after," Barclay says.