7 City Road is a 12-level office building occupying a 1,072m² Freehold site within Auckland’s tightly held education precinct.
The property provides approximately 5,186m² of net lettable area and benefits from an exceptional A+ grade seismic rating - a critical differentiator for tenant retention and future-proofed performance. The building generates net passing income of approximately $1,025,483 per annum, presenting clear near-term upside through proactive leasing of existing vacancy.
With an average net rental of approximately $260/m² and a relatively short WALT profile, the asset offers genuine strategic flexibility - enabling investors to capture leasing upside with an estimated fully leased income of circa $1,675,630 per annum, or reposition the building in line with the precinct’s ongoing intensification.
The property is located within close proximity to The University of Auckland and Auckland University of Technology, ensuring sustained occupational demand. Accessibility will be materially enhanced by the completion of Karanga-a-Hape Station (City Rail Link), approximately 350–500 metres away, reinforcing long-term capital growth and redevelopment fundamentals.
Zoned Business - City Centre with a 50-metre height overlay, the site offers scope for vertical expansion or potential conversion to alternative uses, including purpose-built student accommodation, build-to-rent, residential or mixed-use development (subject to approvals).
7 City Road represents a compelling value-add acquisition - combining income today, substantial leasing upside, and multiple future repositioning pathways within one of Auckland’s most resilient growth corridors.
INVESTMENT HIGHLIGHTS:
- 1,072m² Freehold site
- 5,186m² NLA across 12 levels
- A+ grade seismic rating
- 92 secure on-site car parks
- Business - City Centre zoning (50 metre height overlay)
- 66% occupancy
- Net passing income - circa $1,025,483 per annum
- Estimated fully leased income - circa $1,675,630 per annum
- Average net rental - circa $260/m²
- Short WALT profile providing active asset management flexibility
- Located within Auckland’s education precinct
- Walking distance to Karanga-a-Hape CRL Station
- Strong conversion and redevelopment potential
- Significant leasing upside
For sale by Expressions of Interest closing 4:00pm, Wednesday 8 April 2026 (unless sold prior).
View website here: symondsstreetportfolio.com
