120 Mayoral Drive, Auckland CBD offers add-value potential for investors either via short-term income growth or longer-term change of use.
Centrally positioned amidst Auckland CBDs Education and Entertainment precincts and just moments from Queen Street, the building comprises seven levels of office accommodation plus two basement levels.
Auckland University of Technology currently occupies approximately 70% of the floor area over several levels, illustrating the building’s credentials with the education market. The remaining vacancy leaves room for an investor to drive a leasing programme that brings the asset’s income up to its full potential.
As the CBD returns to former glory 120 Mayoral Drive will provide its next owner with a range of value-add or redevelopment strategies.
Key Features:
- Size: Approximately 5,900m2 of NLA plus 35 car parks.
- Location: Situated in the heart of Auckland CBD’s Education and Entertainment precincts and just steps away from Queen Street and Aotea Square.
- Connectivity: The upcoming Aotea City Rail Link (CRL) Station, opening in 2026, will be just 500 meters away, enhancing accessibility and increasing the property's appeal to tenants and visitors.
- Add Value Potential: Ideal for repositioning, multi-use adaptation, or value-add strategies to maximize returns.
Contact the sole agent for further information or to arrange an inspection.
David Burley
+64 21 478 225
david.burley@colliers.com
Features:
- 5918sqm Net Lettable Area
- 1172sqm Freehold Site
- Triple Street Frontage and Vehicle Access
- Close Proximity to Retail, Entertainment, Hospitality and Transport Amenities
- Precinct includes AUT, UoA, Businesses, Aotea Station (2026), Queen Street, Albert Park
More information: https://www.colliers.co.nz/p-NZL67032116
