• Standalone investment on a 442sqm freehold land in tightly-held Auckland CBD
• 3 level building attach with vacant land being used as car park
• Adding value or redevelop with current lease expires by end of 2021
• Holding income approximately $102,904 pa. + GST from car parks and building
This is a fee simple standalone investment with redevelopment opportunity situating on the top end of Wakefield St; the site is perfectly positioned within the education precinct, being highly accessible to both of the major universities and a number of other tertiary providers.
The property occupies the frontage of Wakefield St with total floor area of 513sqm split in 3 levels, tenanted by Superette operator utilising 1st floor as accommodation & basement level as storage. With current lease expiring by end of 2021, the site offers excellent opportunity to add value or redevelop for future owner.
Total holding income approximately $106,160 pa. + GST from 8 car parks, ground floor retail and upstairs residential.
79 Wakefield Street, Auckland CentralOpen in map