â¢Freehold standalone character investment property
â¢Currently comprising four levels of office accommodation
â¢Land Area: approximately 356sqm
â¢Floor Area: approximately 1,097sqm
â¢Partially leased returning $156,000 + GST p.a..
Investment opportunities such as this, in the heart of Auckland's CBD, are scarce. This central city location is one of the most sought after for multi-level residential, apartment and hotel accommodation.
There's obvious upside from the property both by a re-calibration of the leases providing for a good level of rental growth, as well as the potential for owner occupation. The numerous future add-value options include mixed use retail and office accommodation, residential conversion, or future development maximising height controls under the sought after Business - City Centre Zone.
This is an unrivalled investment opportunity that must not be overlooked.