25 Union Street, Auckland Central, Auckland

Freehold CBD Standalone with Upside

- Large 1,146sqm (more or less) freehold site
- Rare offering in sought-after location within rapidly growing Victoria Quarter of Auckland's CBD
- Flexible (SMA3) zoning provides a range of add-value opportunities including residential conversion
- Future zoning upside with Proposed Unitary plan providing extra height allowance - max height 40 metres
- Versatile multi-tenanted building providing an attractive holding income of circa $294,000 + GST p.a. (net) approx. with significant rental upside
- Modern construction with favourable A+ seismic rating (132% NBS) and excellent onsite covered car parking

Grab this opportunity with both hands! Properties in this rapidly developing precinct are becoming ever increasingly hard to find. The properties close proximity to Ponsonby Rd, Queen St and the Waterfront make it a highly appealing commercial and residential location evident by recent and planned developments such as Sugar Tree and City Works Depot.