- Rare Parnell investment property just 5 minutes from Auckland's CBD
- Modern, freehold 538sqm building + 13 carparks, built circa 1982
- Fully leased to two established tenants
- Returning $227,936.49 + GST p.a. with built-in rental growth
- Strategic corner position in key CBD Fringe growth location
- Favourable zoning offers future development potential with 21 metre height
- Bottom drawer investment in sought after location
15 Bath Street comprises a modern three-level commercial building providing showroom and office accommodation plus basement car parking. The property is fully leased to two highly regarded tenants with rental growth, making this Parnell property a true bottom drawer investment opportunity. These leases contain redevelopment clauses as well, opening up options for owner-occupiers if required.
Consideration must also be given to the future potential this property provides with the Auckland Unitary Plan increasing the height limit to 21 metres. A bulk & location analysis and concept drawings available showing the exceptional potential of this strategic corner site.
Simply sit back, enjoy the cashflow which has built-in rental growth and watch this highly sought after location continue to take shape.
15 Bath Street, ParnellOpen in map