An Iconic Piece of Auckland's History

19A Princes Street, Auckland Central


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An Iconic Piece of Auckland's History | 19A Princes Street, Auckland Central | 1684969 |      X Close

An Iconic Piece of Auckland's History

- A timeless investment offered to the market for the first time in over 25 years

- A beautifully presented and seismically strengthened masterpiece

- Fully leased providing an attractive cashflow of $256,351 + GST pa net

- University of Auckland and Trish Clark Gallery as tenants

Completed in 1885, this stunning building which was originally Auckland's Synagogue

was the focus of Auckland's Jewish community for 84 years. After being

deconsecrated in 1969 and then unused for some 20 years, it was revived with an

award winning restoration project. This involved extensive structural work and

painstaking attention given to the revitalisation of its unique character attributes

including ornate stained glass windows, an elliptical staircase, and a decorated barrelvaulted

ceiling supported by graceful arches and columns.

The property is held in an Estate in Leasehold with Auckland Council as the Lessor and

is perpetually renewable. Ground rent reviews (based on land value) appear likely to

be constrained by unique provisions within the lease including the building's historic

classification and zoning provisions. The tenants are responsible for payment of the

ground rent.

This is a unique opportunity to secure a part of Auckland's history which also provides

an attractive cashflow from established tenants.

19A Princes Street, Auckland Central

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