Investors Eye Engineers’ Office Opportunity

The modern full-floor office housing an award-winning lighting and electrical engineering firm is up for sale in one of Auckland North Shore’s most desirable business locations.

The approximately 495-square-metre property on the upper level of a two-storey commercial building is a bright light commanding street-front corner profile on Albany’s Apollo Drive.

The premises are fully occupied by established tenant LDP (Leading Design Professionals) on a lease that runs through to 2031 with three further three-year rights of renewal.

The lease generates an annual net rental return of $163,770 plus all outgoings and GST, with built-in rental growth.

Established in the early 1990s as New Zealand’s first independent illumination and electrical engineering team, LDP has won numerous domestic and international awards over the years.

Its engineers have provided lighting solutions for Auckland’s Eden Park, Britomart Station, Viaduct Harbour and Aotea Square, plus projects across the country, and overseas for the likes of Doha’s Hamad International Airport and Brisbane’s Commonwealth Games Chandler Velodrome.

Unit B2, 59 Apollo Drive is now being offered to buyers by deadline private treaty closing on Thursday 25 June (unless sold prior). The sale is being marketed by Tonia Robertson and Laurie Burt of Bayleys North Shore Commercial.

Robertson said the freehold unit-titled premises encompassed nearly 440 square metres of first-floor office workspace plus a boardroom and small deck.

“This well-configured office accommodation benefits from quality modern construction, an efficient and flexible contemporary layout, and full 360-degree natural light – attributes that enhance tenant retention and are increasingly sought after by quality occupiers.

“The allocation of 18 on-site carparks – a rare advantage for staff, clients and visitors in this location – further strengthens its appeal and futureproofing,” she said.

Robertson said the straightforward and investor-friendly lease structure offered new owners income certainty and long-term upside.

“With its combination of profile, quality tenancy, and future growth potential, this is an asset with wide appeal that is well-suited to passive investors, family offices, and offshore capital seeking a secure foothold in a proven Auckland commercial location,” Robertson said.

The property sits within the versatile Business – General Business Zone, which is designed to accommodate high-quality office and industrial premises, including tech/production, logistics, and showroom-style operations.

The surrounding precinct is characterised by contemporary upmarket office and light commercial buildings, strong corporate and service-based occupiers, and provides easy access to local shops, services, public transport and motorway connections.

Burt said the Albany location, combining accessibility, modern amenity and a large, diversified economic base, was a key selling point.

“Situated in one of Auckland’s most highly regarded commercial precincts, the property occupies a dominant, high-profile position on Apollo Drive – widely recognised as one of the North Shore’s most desirable business addresses.

“Surrounded by an established amenity base of cafes, restaurants, shops and essential services, this location continues to underpin strong tenant demand and long-term value,” he said.

Burt said sustained investment in infrastructure, commercial development, retail, education and residential expansion had seen Albany emerge as one of the city’s most compelling growth locations.

“On the back of nearly two decades of impressive expansion, Albany has been heralded as the future epicentre of Auckland’s bustling North Shore.

“For investors, the area’s strength lies in its momentum and functionality. It continues to attract quality tenants, growing catchments and ongoing development interest, supported by a well-established retail core, expanding business precincts and an increasingly complete range of services.

“This has created a location that is not only practical and well-connected but also positioned for long-term resilience and value growth,” Burt said.