- For Sale
This outstanding premium investment property is positioned on the Northern ridge of Falcon Street overlooking the Parnell train station and Auckland Domain. The building comprises a six level office building with 3 commercial tenants and 39 car parks accessed on Cheshire Street. The property returns a net annual income of approximately $553,885 + GST p.a. and includes regular rental increases as per the lease agreements.
Situated on a 620sqm freehold site, the modern office fit-out that includes a net lettable area of 1,131sqm is completed to the highest of standards and offers fantastic natural light and views over the Auckland Domain. The site is zoned business mixed-use and includes a height variation of 27 metres so there is real opportunity for a future conversation and change of use option.
With a seismic rating of 72%, a vast number of car parks, split risk income and a trophy location in the heart of the hugely desirable Parnell precinct, this building offers all the hallmarks of a prime investment opportunity for those buyers waiting for that special opportunity.
Offers are to be lodged at the Colliers International Office, Level 27, 151 Queen Street, Auckland CBD or via email by 4pm Wednesday, 19 June 2019 (unless sold prior).
Ref #: 213389