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The opportunity

Colliers are proud to present 3 Scarborough Lane to the market.

Features

Corner site of 486 sqm
Total Floor area of 521 sqm
6 Carparks
Passing Income of $48,000 Net + GST
Owner-Occupier potential
Passive Investment
Future Development Potential
Prime Parnell location
Proximity to CBD, Newmarket, motorways and surrounding central suburbs

To be sold via Auction, to be held on Wednesday 2nd April 2025, 11:00am (unless sold prior).

Contact Tony Allsop on +64 21 959 154, Ross Hinshelwood on +64 21 153 3435 or David Burley on +64 21 478 225 for more information, and/or to arrange an inspection.

Click here to view the model and floorplans

Highlights

Prime Parnell Location

This is a beautifully renovated two level office building in the heart of Parnell. From the 1960's, this building has been refurbished into a beautiful two-storey office masterpiece in the heart of Parnell. With Scarborough Lane situated just off Parnell Road, the property's position holds strategic value with access to Newmarket, CBD, motorways and other central suburbs within minutes. Parnell is one of the city's most prestigious and sought-after suburbs. Renowned for its vibrant blend of heritage charm and modern sophistication, Parnell offers an ideal setting for businesses seeking a premium address. With easy access to major transport links, trendy cafes, fine dining, boutique shopping, and beautiful parks, Parnell combines convenience with an upscale ambiance.

Owner Occupier or Investment Potential

Further to the property's excellent position, the asset offers 521 sqm over two floors, complimented by 6 easily accessible carparks on the East side of the building. Level One is a beautifully renovated vacant office, presenting a fantastic opportunity for an owner-occupier to make this their new home, or for an investor to redevelop or lease this out and claim a piece of Parnell for their portfolio.

The Ground Floor is currently occupied by art restoration studio, Studio Carolina Izzo, whose tenancy expires in 2031 with a passing income of $48,000 Net + GST.

From the building's roof, there are panoramic views of Waitemata Harbour, Auckland city skyline, Rangitoto, and parts of Parnell. We believe this offers potential for medium-term residential development.