• Diversified split-risk rental income of circa $640,240pa + GST and outgoings
• 864sqm freehold site complemented by 31 car parks on a separate title
• Extensively refurbished and modernised two-level character office building
• Business Town Centre zoning supporting long-term flexibility and upside
• Premium investment in the heart of Parnell, a highly sought-after location
This exceptional freehold investment includes two properties on separate titles is now offered for sale by negotiation with a realistic vendor asking price of $8,850,000 (GST Exclusive) and provides buyers with a rare opportunity to acquire a multi-title, split-risk investment of quality and scale in the established city fringe precinct of Parnell.
Positioned only moments from vibrant Parnell Road and benefiting from ease of connectivity to Auckland’s Central Business District and Port, Newmarket, various motorway networks and public transport options including the nearby Parnell Railway Station.
Location highlights include the adjoining Windsor Castle and Heards Building, Heard Park, Holy Trinity Cathedral, multiple hospitality and retail outlets and a wide range of residential precincts, with these many features and surrounding amenity continuing to strengthen the locality's appeal to a range of commercial investors and occupiers.
7 Windsor Street offers a large 864sqm freehold site and comprises a high-quality two-level office building extensively refurbished and modernised to the highest standards, providing circa 1,301sqm of lettable floor area. This immaculately presented building is fully leased to a diverse mix of quality and established tenants on well-structured lease terms and offers a favourable seismic rating.
Unit I/1 Ruskin Street is located within the Heard Park apartment building complex and provides for 31 undercover secure car parks and two storage units all on one title, providing additional passive income, while providing security of parking for both the 7 Windsor St tenancies and other nearby businesses, in a location where secure and ongoing parking options are tightly held.
This compelling freehold offering combines strong cash flow, quality underlying land, and long-term strategic investment within one of Auckland's most desirable city fringe suburbs and will appeal to a range of buyers including investors, future owner-occupiers and developers seeking a premium city fringe trophy property.
Please do not hesitate to contact a member of the sales team to receive comprehensive information and to arrange a viewing of the property.
Mike Adams
+64 21 977 527
[email protected]
Ben Wallace
+64 21 184 4747
[email protected]
