Reimagine a substantial asset in Auckland CBD
• Rare value-add opportunity in Auckland's mid-town
• 4,422sqm (approximately) over eight levels plus 60 basement car parks
• 78% occupied with $1.277m short-term net holding income
• Significant growth potential | Re-lease, convert or occupy
Situated on the southern edge of the Auckland CBD, 124 Vincent Street is a significant commercial building offering substantial upside potential through re-leasing, conversion, repositioning or owner-occupation.
Featuring generous, light-filled floor plates with sweeping urban views and a 70% NBS seismic rating, the building is exceptionally well located just a short walk from Sky City, the New Zealand International Convention Centre and the entertainment precinct around Aotea Square.
With an occupancy profile well suited to complete repositioning, the property benefits from a lease to Flight Centre across 7 levels to provide a substantial short-term holding income during the initial stages of planning for the future.
Ideally positioned mid-way between the Karanga-a-Hape and Te Waihorotiu CRL stations, this precinct of the CBD is well positioned for growth as the city flexes to accommodate a new era of connectivity.
• 4,422sqm (approximately) over eight levels plus 60 basement car parks
• 78% occupied with $1.277m short-term net holding income
• Significant growth potential | Re-lease, convert or occupy
Situated on the southern edge of the Auckland CBD, 124 Vincent Street is a significant commercial building offering substantial upside potential through re-leasing, conversion, repositioning or owner-occupation.
Featuring generous, light-filled floor plates with sweeping urban views and a 70% NBS seismic rating, the building is exceptionally well located just a short walk from Sky City, the New Zealand International Convention Centre and the entertainment precinct around Aotea Square.
With an occupancy profile well suited to complete repositioning, the property benefits from a lease to Flight Centre across 7 levels to provide a substantial short-term holding income during the initial stages of planning for the future.
Ideally positioned mid-way between the Karanga-a-Hape and Te Waihorotiu CRL stations, this precinct of the CBD is well positioned for growth as the city flexes to accommodate a new era of connectivity.
Key features
Location
Rare value-add opportunity in Auckland’s mid-town
Floor area details
4,422sqm (approximately) over eight levels plus 60 basement car parks
Occupancy
78% occupied with $1.277m short-term net holding income
