Strategic Parnell Corner Site Investment


15 Bath Street, Parnell

By Negotiation

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Strategic Parnell Corner Site Investment | 15 Bath Street, Parnell | 1690019 |      X Close
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Strategic Parnell Corner Site Investment


- 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, Parnell

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