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News Release

Auckland

JLL marketing Trends Centre for sale in Ellerslie

Opportunity to own multi-unit development


 

 

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Three interlocking units at 49 Main Highway, Ellerslie are being marketed for sale by JLL. 

This freehold property opportunity is known as the Trends Centre and was originally developed to accommodate Trends Publishing, the property magazine company. 

This property is held in two unit titles. It is a strata-titled development made up predominately of office space, with a café at ground level. The total net lettable area is approximately 5,131sqm.

It is being marketed by JLL agents John Binning and Ian Hall. 

The property consists of three buildings which are interlinked, on a 3,209sqm site fronting onto Main Highway, Ellerslie. At the rear, the building’s tenants have a pleasant outlook over the playing fields of Ellerslie Primary School. 

Unit A is a 3308sqm building at the western end of the site, which was constructed in the early 2000s. It has two levels of secured basement carparking for 127 vehicles, with two levels of office space. There are apartments on the top floor, but these are on a separate title and not included in the sale. 

“The Unit A building features large office floorplates, a modern design and plenty of natural light,” JLL agent John Binning says. “It has a modern lobby and impressive feature atrium entrance with two lifts.” 

Unit I is a 1824sqm building at the eastern end of the site. It comprises the original structure and provides character office space, which was extensively refurbished in the 1990s. 

The ‘annex’ sits alongside. This four-level structure was built in the early 2000s, providing ground floor retail space and office accommodation with another three floors of office space above. 

There are eight outdoor carparks in front of the café and annex, giving space for 135 vehicles in total. 

“The Trends Centre is home to a range of design, technology and professional services tenants. These include businesses such as Yellowfox, a highly respected interior design company and Soltius, a New Zealand-owned IT consulting firm providing SAP solutions. Another tenant is Beko, an international home appliance and electronics brand. Beko is the second largest brand in whitegoods in Europe,” JLL agent Ian Hall says. 

“PRGX New Zealand is also a tenant here. The company provides recovery audit and results-based transaction assurance services to leading corporations in New Zealand. And of course the very popular Café Trends has been the tenant on the ground floor for many years, servicing both the building’s office workers and local Ellerslie residents.”

The location is on the main transport route between Newmarket and Ellerslie. The Ellerslie train station is just 400m or a five-minute walk away and there are bus stops right outside the property’s front door. 

“This is a popular location. Next door is the Millenium Centre, home to Mighty River Power, Bridgestone and Toyota Finance. The Millenium Centre Phase 2 business park is home to American Express International and Spotless Services. Stanway Business Park and Central Park are also just minutes away,” Hall says. 

“Being next door to the Millenium Centre means there is a childcare operator, gymnasium and several food and beverage operators on the doorstep. The specialty shops and cafes of Ellerslie village are also just a five minute walk over the bridge.”​

Under the Proposed Auckland Unitary Plan, notified in 2013, the site was zoned for Light Industry. However in the recently released recommendations by the Independent Hearings Panel, it is zoned Mixed Use. 

“The property will appeal to family, institutional and overseas investors or perhaps a syndicator,” Binning says. “There is opportunity here with some leases due to expire in the next couple of years, to reconfigure leases and fill vacant space.” 

The property is being marketed for sale through an Expressions of Interest process, closing September 6. 

Read the NZ Herald story here