Deadline sale: Closes on Thursday 19 March 2026 at 2:00PM (unless sold prior)
Strategically positioned on the high-profile Hobson Street ridge-line, the asset serves as a vital gateway between the CBD core and Auckland's major motorway networks. The location offers unparalleled accessibility via immediate access to SH1 and SH16, and easy walking distance to K' Rd and Casino train stations. Characterised by rapid intensification and proximity to the SkyCity and Convention Centre, the area remains a primary choice for high-density development and commercial activity.
The versatile 632.78m² three-level building is in functional condition, featuring a high-stud street-level workshop, mezzanine offices, and extensive basement storage. The investment is underpinned by a 506m² Fee Simple land holding, and the flexible Business - City Centre zoning ensures significant future-proofing and intensification potential for the site.
Currently returning a net rental of $155,884 per annum + GST and outgoings, with annual rental increases expiring in February 2029. The property offers a rare combination of immediate holding income and a clear pathway to vacant possession for developers or owner-occupiers, and plenty of time for investors to attract another tenant.
This is a strategic, high-exposure investment in a prime CBD growth corridor; contact now for details.
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