- For sale
For SaleExpressions of Interest 7th Jul 2022 16:00:00 (Unless sold prior)
The Colliers team is delighted to present Wynyard 100 for sale by Expression of Interest closing 4pm (NZST), Thursday 7 July 2022.
Wynyard 100 is a near full city block bounded by Halsey Street, Gaunt Street and Packenham Street West and is a perfect combination of income with strong growth potential and a strategic Wynyard Quarter land-bank.
This exceptional property includes:
- The lessees interest in land with a total site area of 17,142sqm and incorporating:
1. Stage 1 being the recently completed (2020) 154 room Travelodge Hotel, 385 space Wynyard Carpark, Countdown Metro Supermarket plus 6 further retail & commercial spaces,
2. All future stages of the development are currently subject to a long term lease to NZ Bus providing substantial rental income with inflation-linked growth through to 2035. There is provision for a partial lease surrender to enable earlier development on approximately 4,500sqm of the site
Wynyard 100 offers enormous potential for growth and the existing buildings are just the start. With nearly 60,000sqm of undeveloped GFA potentially available on the site, the current leases and management agreements provide control and long term growth income over a strategic land bank right in the heart of Auckland's prestigious Wynyard Quarter.
For further information or to discuss this opportunity in detail, please contact us today.
Ref #: 20982511