- Premium investment opportunity in the aspirational suburb of Parnell
- 864sqm (more or less) freehold site complemented by 31 car parks on a separate title
- Extensively refurbished and modernised two-level character office building
- Diversified total rental income of circa $640,240pa + GST and outgoings
- Business – Town Centre zoning supporting long-term flexibility and upside
Being offered for sale by tender, closing 2pm Tuesday 23rd June (unless sold prior), these unique properties, offered as a package, represent a rare opportunity to acquire a split-risk income-producing investment of scale in one of Auckland’s most established and prestigious city fringe precincts.
Positioned only moments from vibrant Parnell Road, the properties benefit from exceptional connectivity to the CBD, Newmarket, motorway network, public transport, and surrounding amenity, with ongoing investment continuing to strengthen the locality’s appeal to a range of residential and commercial occupiers. Nearby highlights include the Windsor Castle and the Heards buildings, Heard Park, Holy Trinity Cathedral, numerous hospitality and retail outlets and a wide range of residential precincts.
7 Windsor Street comprises a premium quality two-level office building of circa 1,301sqm lettable floor areas, situated on an 864sqm freehold site. This immaculately presented building with a favourable seismic rating has been extensively refurbished and modernised to the highest standards and is fully leased to a diverse mix of quality and established tenants on well-structured lease terms
Unit I/1 Ruskin Street is located in the Heard Park apartment building and provides for 31 undercover secure car parks and two storage units, delivering additional passive income, while providing security of parking for the 7 Windsor St tenancies, in a location where secure and ongoing parking options are tightly held.
This compelling freehold offering combines strong cashflow, quality underlying real estate and long-term strategic value within one of Auckland’s most desirable city fringe suburbs, appealing to investors, future owner-occupiers and developers seeking a premium city fringe trophy investment.
Please do not hesitate to contact a member of the sales team to receive comprehensive information and to arrange a viewing of the property.
Mike Adams
+64 21 977 527
mike.adams@bayleys.co.nz
Ben Wallace
+64 21 184 4747
ben.wallace@bayleys.co.nz
