Auckland Portfolio Divestment
• Split-risk investment with residential, retail, office and signage income
• Returning $636,125pa + GST with value-add potential (fully leased c. $720,000)
• High-profile 886sqm corner site with excellent motorway exposure
• Intensive CBD zoning and 40m height limit offer redevelopment upside
• High-yielding CBD investment with growth and redevelopment potential
A rare opportunity to secure a diversified mixed-use CBD investment with rental growth and redevelopment potential. Returning $636,125pa + GST from 10 residential apartments, commercial tenancies, plus a long-term APN signage lease, the property offers immediate upside through leasing vacant space or repositioning commercial areas to additional residential tenancies.
Occupying a prominent corner site on the Union Street Ridge, among Auckland CBD's premium apartment developments, this high-yielding asset presents significant value-add potential.
Due to a change in the vendor's circumstances, this property forms one of four portfolio properties to be sold individually, together or in any combination offered for sale by tender (unless sold prior).
• Returning $636,125pa + GST with value-add potential (fully leased c. $720,000)
• High-profile 886sqm corner site with excellent motorway exposure
• Intensive CBD zoning and 40m height limit offer redevelopment upside
• High-yielding CBD investment with growth and redevelopment potential
A rare opportunity to secure a diversified mixed-use CBD investment with rental growth and redevelopment potential. Returning $636,125pa + GST from 10 residential apartments, commercial tenancies, plus a long-term APN signage lease, the property offers immediate upside through leasing vacant space or repositioning commercial areas to additional residential tenancies.
Occupying a prominent corner site on the Union Street Ridge, among Auckland CBD's premium apartment developments, this high-yielding asset presents significant value-add potential.
Due to a change in the vendor's circumstances, this property forms one of four portfolio properties to be sold individually, together or in any combination offered for sale by tender (unless sold prior).
Key features
Opportunity
Split-risk investment with residential, retail, office and signage income
Occupancy
Returning $636,125pa + GST with value-add potential (fully leased c. $720,000)
Exposure
High-profile 886sqm corner site with excellent motorway exposure
Zoning
Intensive CBD zoning and 40m height limit offer redevelopment upside
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