High Profile cnr Federal and Wolfe Street
10-12, Federal Street, City Centre, Auckland City
- Proposed Usage
- Floor Area
- 1187.00 m²
- Land Area
- 259.00 m²
- Property ID
â¢A net return of $394,717pa + gst
â¢Seismic rating of B.
â¢Business - City Centre Zone.
â¢Residential, commercial and retail income streams
â¢Nine separate tenancies.
This split risk beauty offers peace of mind in a challenging market. The four apartments, four commercial floors and the ground floor retail, offer a counter cyclical income which will suit right now. With the retail and commercial floor plates being within the sweet spot of what small to medium size businesses require, the future owner will have peace of mind.
The corner site allows for profile in a quadrant of the CBD which is predicted to experience significant capital growth due to a number of infrastructure projects such as the CRL and a number of larger transactions in the immediate vicinity.
The building has been well maintained over the years, and has managed to retain much of its original charm with the exterior finishing and exposed wooden floors. The apartments are in good condition and have been modernised.
Call the sole agents today for further information.
Expressions of interest