69 Symonds Street, City Centre, Auckland City

By negotiation

1,372m²

1,608m²

UNDERDEVELOPED OFFICE WITH EXPANSION POTENTIAL

69 Symonds Street comprises a two-level podium office building positioned on a substantial 1,608m² Freehold site within Auckland’s established education precinct.

The property provides approximately 1,372m² of net lettable area and is 100% leased to Whitecliffe College, generating net passing income of approximately $513,395 per annum. The secure tenancy offers stable holding income, while longer-term value is driven by the site’s underlying land component and development potential.

Improved with only a two-level structure and benefiting from Business - City Centre zoning with a 50-metre height overlay, the property is materially underdeveloped relative to allowable planning parameters. This provides clear scope for vertical expansion or comprehensive redevelopment in line with precinct intensification.

Located on the Symonds Street ridgeline, the property sits within walking distance of The University of Auckland and Auckland University of Technology. The forthcoming Karanga-a-Hape Station (City Rail Link), approximately 350–500 metres away, will further enhance connectivity and support long-term capital growth across the area.

With 52 secure on-site car parks and established integration with adjoining assets, 69 Symonds Street presents a strategic acquisition - either as a standalone land-bank with income, or in conjunction with neighbouring holdings to unlock greater redevelopment scale.

INVESTMENT HIGHLIGHTS:

• 1,608m² Freehold site

• 1,372m² NLA

• Two-level podium building

• 52 secure on-site car parks

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

• 100% occupancy

• Net passing income - circa $513,395 per annum

• Leased to an established tertiary tenant

• Underdeveloped with vertical expansion potential

• Strong underlying land value

• Ability to integrate with adjoining assets for greater scale