57 Symonds Street is a substantial nine-level office building occupying a prominent 2,345m² Freehold site within Auckland’s tightly held education precinct.
The property provides approximately 3,722m² of net lettable area and benefits from an A-grade seismic rating, offering investors confidence in structural performance and tenant appeal. Currently 86% occupied, the building generates a net passing income of circa $1,118,956 per annum, with clear short-term upside through the leasing of existing vacancy.
Positioned on the Symonds Street ridgeline within Auckland’s established education precinct, the property sits between the campuses of The University of Auckland and Auckland University of Technology - a location underpinned by sustained occupational demand and long-term resilience. The upcoming Karanga-a-Hape Station (City Rail Link), approximately 350–500 metres away, will materially enhance connectivity and accessibility to the wider CBD and metropolitan network.
Business - City Centre zoning with a 50-metre height overlay provides long-term redevelopment flexibility, allowing investors to consider vertical expansion or comprehensive redevelopment in line with precinct growth.
This is a well-located, income-producing asset offering secure cash flow today, leasing upside in the short term, and strategic redevelopment scale over the long term.
INVESTMENT HIGHLIGHTS:
- 2,345m² Freehold site
- 3,722m² NLA across nine levels
- A-grade seismic rating
- 65 on-site car parks
- Business - City Centre zoning (50m height overlay)
- Net passing income - circa $1,118,956 per annum
- 86% occupancy
- Immediate leasing upside
- High-profile arterial frontage
- Located within Auckland’s education precinct
- Walking distance to Karanga-a-Hape CRL Station
- Long-term redevelopment or intensification options
For sale by Expressions of Interest closing 4:00pm, Wednesday 8 April 2026 (unless sold prior).
View website here: symondsstreetportfolio.com
