3 College Hill, Freemans Bay, Auckland

High Profile Freemans Bay Investment

- High profile freehold investment in a prime location on College Hill, Freemans Bay
- Fully leased and providing an attractive cash flow of $131,000+ GST p.a. (net)
- Strategic locationg just a short walk to Ponsonby's popular cafe, bar and restaurant precinct
- Enjoy the cash flow while you explore the upside

This exciting Freemans Bay opportunity is presented to the market following long-term ownership. Properties of this calibre in this location are tightly held, and for good reason - be sure not to miss this one. This stunning character building's ground floor is home to a well-established ground floor retail tenant that takes advantage of the large traffic flow on College Hill, while upstairs is the quintessential character office tenancy that boasts exposed brick walls, polished wooden floors and skylights throughout. The basement car park completes this offering.

Matching the quality of this building is the calibre of it's location. Just up College Hill is the vibrant and popular cafe and restaurant precinct of Ponsonby and Jervois Roads. Also nearby is the Victoria Precinct which also houses a range of notable restaurants and bars plus speciality retailing with a number of international brands. The Auckland CBD is just a short walk (1.5km to Queen Street) with all motorways closeby.

3 College Hill offers a range of opportunity. Improve the current lease profile, build the income return and enjoy an attractive return for your efforts while you consider future upside by utilizing the flexible underlying zoning which allows for residential conversion into an extremely stylish apartment