401, Queen Street, Auckland City

By Negotiation

Proposed Usage
Hotel & Leisure
Floor Area
2830.00 m²
Property ID

Prime corner in Auckland's CBD, this building can provide secure long term income in a recognised growth location.

Queen Street is a unique location with few purchasing options because of tightly held ownership. The building provides seismic compliance and superior finishes to its 80 rooms and self-contained suites including kitchens. All services renewed including lifts, aircon, electrical and roof. Fully Council consented.

27 car parks and 836m² site. Current rental $935,500 with CPI increase May 2017, 2019, 2021 and full market review in 2022 likely to show significant increase because of rental growth since lease commencement in 2014.

• Prime corner site in CBD and Queen Street
• Quality refurb to hotel, long term ADLS lease

Visit https://www.four-walls.com/tour/41247/gallery#fw-1 to download the full information memorandum and supporting documents including the Auckland Council Property File CD

Enquire about this property

Auckland City Area