THE ICONIC ST KEVINS ARCADE

183, Karangahape Road, City Centre, Auckland City

Tender

Proposed Usage
Industrial
Floor Area
2431.00 m²
Land Area
1250.00 m²
Description:
Property ID
1bt8t1w

- Iconic freehold mixed use investment property - St Kevins Arcade
- 1,250sqm fee simple land holding with 22 metre frontage to Karangahape Road
- Strategic elevated position directly overlooking Myers Park
- Fully leased returning $1,168,085 p.a. with built in rental growth
- Attractive mix of retail, hospitality, commercial and residential tenants
- Potential for further intensification of the site under favourable PAUP zoning

This iconic property offers purchasers the chance to secure one of the property jewels of Auckland City. The property has been tastefully refurbished and is fully leased, returning $1,168,085 p.a. with built in rental growth. St Kevins Arcade is located in the heart of the thriving Karangahape Road retail precinct which is home to a number of award winning restaurants and international tenants, including the recently announced Tesla Motors headquarters.

In addition to presenting purchasers with the opportunity to secure an iconic piece of the Auckland commercial property landscape, consideration should also be given to further development of the site, under the favourable City Centre Zoning which allows building up to 35 metres. Call now to further discuss this once in a lifetime property opportunity.

For more information, please call the sole agents or visit www.theiconicstkevins.co.nz
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City Centre Area