20 Hopetoun Street, Freemans Bay, Auckland

Add value entry level investment

Unique opportunity to secure a bite size, hands off investment close to the CBD with future add value potential. The site is inclusive of 313sqm of freehold land which is currently being utilised for nine covered car parks leased for $17,000p.a to a secure high caliber tenant, the Ministry of Education, until 30th June 2024. There is extensive upside at the end of this Lease as car parks are under rented.

Located in the highly sought-after city fringe suburb of Freemans Bay, this investment is perfect for those who reside locally, passive or add value investors and developers wanting to avoid costly excavations for projects in the area.

20 Hopetoun Street is a corner site situated on Hopetoun and Howe Streets, just moments from the infamous Karangahape and Ponsonby Roads, Northern and Western Motorways, new City Rail Link and convenient public transport.

Please do not hesitate to contact me in regard to any aspect of the content included in this document or to arrange a viewing of the property (strictly by appointment only).