• Split-risk investment with residential, retail, office and signage income
• Returning $636,125pa + GST with value-add potential (fully leased c. $720,000)
• High-profile 886sqm corner site with excellent motorway exposure
• Intensive CBD zoning and 40m height limit offer redevelopment upside
• High-yielding CBD investment with growth and redevelopment potential
A rare opportunity to secure a diversified mixed-use CBD investment with rental growth and redevelopment potential. Returning $636,125pa + GST from 10 residential apartments, commercial tenancies, plus a long-term APN signage lease, the property offers immediate upside through leasing vacant space or repositioning commercial areas to additional residential tenancies.
Occupying a prominent corner site on the Union Street Ridge, among Auckland CBD's premium apartment developments, this high-yielding asset presents significant value-add potential.
Due to a change in the vendor's circumstances, this property forms one of four portfolio properties to be sold individually, together or in any combination offered for sale by tender (unless sold prior).
