5-7 Omega Street, Albany, North Shore

Invest and occupy - 87 car parks

• Two modern office buildings on a large freehold site with exposure
• Site area of 4,129sqm more or less
• Total net lettable areas of Building A 1,096.60sqm | Building B 759.80sqm including the deck
• Excellent car parking ratios with 87 spaces on site
• Currently returning $613,784pa + GST with a vacancy pending
• A grade seismic rating
• Rental upside with CPI review in September 2023

Introducing an exceptional investment opportunity in the heart of Albany, on behalf of the owners Bayleys are pleased to present to you a highly sought-after freehold commercial office site at 5-7 Omega Street. This property boasts a prime location and a host of impressive features that make it a lucrative venture for astute owner-occupiers or add value-investors.

Situated on a generous land area of approximately 4,129 square meters, this site offers ample space for your business aspirations. Comprising two separate buildings, Building A is approximately 1,096.60 square meters with frontage to Omega Street, Building B is approximately 759.80 square meters (including deck) and backs on to the Western motorway links. With a combined floor area of over 1,856.40 square meters along with a total of 87 car parks this commercial property provides excellent flexibility outside office use including the possibility of medical tenancies and education.

The combined property is currently returning a rental income of $613,784pa + GST, with Flintfox vacating at the end of 2023 and CPI review for Plan B coming up in September 2023.

The location of 5-7 Omega Street in Albany further enhances its desirability. Albany is a thriving commercial hub with a vibrant business community and a strategic position within close proximity to major transport links. This means easy access to Auckland's CBD and the wider region, ensuring maximum exposure and connectivity for your business.

Don't miss out on securing your future in the dynamic commercial property market. Contact the sole agents today to arrange a viewing or discuss further details.