316 richmond road

ASSET TYPE // city FRINGE commercial OFFICE

LOCATION // grey lynn

ACQUISITION DATE // december 2004

TENANTs //

retail - the brunchery cafe, animates, jetts gym
office - pi group, garmin, number works, panavision

KEY DETAILS

A prominent former industrial building constructed circa 1960s, which has subsequently been converted into character office space, located in the Auckland City fringe suburb of Grey Lynn. The Auckland CBD is approximately 3.4 kilometres to the north east.

The building is let to various occupiers, with three tenants occupying the upper floor and four tenants on the lower level. Improvements occupy the front two thirds of the site with the rear currently being utilised as open car parking space.

In summary, the asset provides a well located character office building with a good tenant covenant, benefitting from large floor plates and suiting a range of occupiers, in a well regarded Auckland City fringe location.

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