CBD standalone investment with upside


79 Wakefield Street, Auckland Central

By Negotiation

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CBD standalone investment with upside | 79 Wakefield Street, Auckland Central | 1689556 |      X Close
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CBD standalone investment with upside


• 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 Central

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