As joint Exclusive Agents, CBRE and Colliers New Zealand are pleased to present 65-71 Federal Street, Auckland Central for sale by International Expressions of Interest.
The property comprises a seven-level, purpose-built car parking facility offering 435 spaces, reflecting a rare opportunity to secure a substantial CBD freehold asset with strong holding income, set amongst a backdrop of constrained CBD parking supply, poised to further tighten following the planned removal of the Downtown Carpark creating compelling upside.
Situated on a prominent 1,641sqm corner freehold site, the asset is positioned at the intersection of Federal and Kingston Streets, adjacent SKYCITY precinct, Auckland District Court and Federal Street hospitality strip.
Fully leased to Secure Parking New Zealand Limited to April 2029, the property generates a semi-gross base rental of $1.56 million per annum plus GST with 2.5% fixed annual growth. A turnover rent component, introduced in 2021, provides additional income upside.
The property also benefits from an extended resource consent for a 55-level, residential-led mixed-use tower, confirming the site’s ability to support large-scale intensification and future redevelopment.
65-71 Federal Street, Auckland CBD is offered for sale by International Expressions of Interest closing Thursday, 23 July 2026 at 4:00pm NZST (unless sold prior).
