67 Symonds Street, City Centre, Auckland City

By negotiation

7,094m²

3,800m²

FULLY LEASED TOWER WITH 249 CAR PARKS

67 Symonds Street is a substantial 14-level commercial tower occupying an expansive 3,800m² Freehold site within Auckland’s established education precinct.

Providing approximately 7,094m² of net lettable area, the building is 100% leased to The University of Auckland and Whitecliffe College, generating net passing income of approximately $2,717,780 per annum at an average net rental of $255/m². The strength of covenant, combined with full occupancy, delivers secure and stable cash flow underpinned by two established tertiary institutions.

A feature of the asset is its 249 secure on-site car parks - one of the most substantial parking allocations in the CBD fringe. In an increasingly parking-constrained city environment, this scale of parking materially enhances tenant retention, supports income stability, and provides significant strategic value for any future intensification or redevelopment scenario.

Positioned prominently on the Symonds Street ridgeline, the property benefits from proximity to the Auckland University of Technology and is within approximately 350-500 metres of Karanga-a-Hape Station (City Rail Link). This transformative infrastructure project will further strengthen accessibility, pedestrian flow, and long-term capital growth prospects.

Zoned Business - City Centre with a 50-metre height overlay, the site offers long-term redevelopment optionality while delivering significant income at conservative average rental levels.

67 Symonds Street represents a compelling combination of secure educational cashflow, scale, car parking, and strategic land value in one of Auckland’s most resilient growth corridors.

INVESTMENT HIGHLIGHTS:

• 3,800m² Freehold site

• 7,094m² NLA across nine office levels (five basement car parking levels)

• Business - City Centre zoning (50 metre height overlay)

• 100% occupancy

• Net passing income - circa $2,717,780 per annum

• Average net office rental - $255/m²

• Leased to established tertiary institutions

• Located within Auckland’s education precinct

• Walking distance to Karanga-a-Hape CRL Station

• 249 car parks provide significant strategic value

• Long-term redevelopment or intensification options