Investment with Development Upside


41 & 41A Sale Street, Auckland Central

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Investment with Development Upside | 41 & 41A Sale Street, Auckland Central | 4109816 |      X Close
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Investment with Development Upside


Tenders Close (unless sold prior)

4pm Thursday 18th September 2014

4 Viaduct Harbour Avenue, Auckland Central

- Fully leased building together with adjoining Future Development Unit

- Desirable Victoria Park location, close to CBD and all motorways

- Favourable seismic rating

- Flexible zoning

41 and 41A Sale Street are located in the vibrant Victoria Quarter of the Auckland Central Business District. Queen Street and the Auckland Harbour are within walking distance and all motorways are close by. This trendy location is well served by a range of popular cafes, bars and restaurants.

The building at 41 Sale Street is approximately 537 square metres and is fully leased to a single, well-established tenant returning $131,018.55 plus GST. The building has a favourable 75% NBS seismic rating.

The Future Development Unit at 41A Sale Street, is positioned on the northern border of the site and provides a range of add value development opportunities.

Properties in this sought after CBD location are tightly held and seldom become available. The income stream coupled with the development upside associated with the Future Development Unit, make this a great opportunity which should be investigated by all buyers, investors and developers.