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For Sale

Deadline Private Treaty 10th Nov 2021 16:00:00 (Unless sold prior)

Colliers is pleased to present to the market for sale, a premium Parnell landbank opportunity: the freehold interest in the underlying land at 65-71 and 73-75 The Strand, Parnell.

The offering comprises the lessor’s interest/freehold tenure in two neighbouring fee simple titles that together are a substantial 2,107m2.  The ground leases in place have a healthy combined income of $275,000 + opex + GST pa, which will be subject to 21 year market rent reviews on renewal in the coming years.  Both addresses have improvements that are subject to leasehold interests and are not being offered for sale. 

Positioned on The Strand (and having access of Augustus Terrace as well), the location is both high profile and close to the CBD - Queen Street is just five minutes’ drive west. The strength of this location and it’s dynamic future is best illustrated by a number of large scale commercial and residential developments taking place in the immediate vicinity on The Strand. 

Consideration must be given to this opportunity either as a passive investment, a land bank, or a long-term development site able to be unlocked if the new owner is also able to obtain the leasehold interests in the future. 

Please contact the sole agents today for further information. 



Ref #: 20824676