A once in a generation opportunity


101 Pakenham Street West, Auckland Central

Tender

Download Email
A once in a generation opportunity | 101 Pakenham Street West, Auckland Central | 1694334 |      X Close
Image
Description

A once in a generation opportunity


•The John Lysaght Building - a true trophy character investment

•Meticulously refurbished, blending its rich heritage with sustainable design

•Secure cashflow of $714,982 p.a. from Local Government tenant on a long lease

•Premier position in Auckland's highly sought-after waterfront precinct, Wynyard Quarter

Steeped in rich history, the John Lysaght Building is one of Auckland's premier trophy character investment opportunities. Meticulously refurbished, beautifully presented, and structurally strengthened this property offers a highly compelling value proposition, with its' charm and character undoubtedly having to be seen to be fully appreciated.

Its' value is underpinned by a Local Government tenant, long lease term, NABERS NZ sustainability rating, significant rental reversion upside and a strategic location within Wynyard Quarter, the precinct with the best underlying fundamentals of any office location in Auckland's CBD. Opportunities to buy in this vibrant waterfront precinct seldomly present.

The building is 100% leased to Auckland Council CCO, Tataki Auckland Unlimited and benefits from a strong 7.5 year WALT. Currently returning $714,982 p.a. net plus GST, the offers significant rental reversion opportunities.

The John Lysaght Building is the only office asset in this world-class waterfront precinct to be offered to the open market. This once in a generation opportunity cannot be missed, call us today!

For further information see lysaghtbuilding.co.nz

101 Pakenham Street West, Auckland Central

Open in map