Auckland CBD Investment with Upside
9 City Road and, 11 Liverpool Street, City Centre, Auckland City
- Proposed Usage
- Floor Area
- 3358.00 m²
- Land Area
- 1016.00 m²
- Property ID
- Freehold standalone investment property with add-value potential
- Leased to multiple established tenants returning $800,000 + GST p.a. (approx.) with WALT of 5.5 years (approx)
- 1980s construction with 'A' grade seismic rating
- Six level building with basement car park, plus 58 car parks in neighbouring building
- Must view for all long term and add-value investors
This fee simple, modern commercial investment building must be considered for all investors looking for a split risk cash flow in a strategic location with upside. In addition to providing an attractive cash flow of approximately $800,000 + GST p.a. (notional fully leased rental of $875,000 + GST p.a.) the property benefits from an additional 58 car parks in the neighbouring 11 Liverpool Street on 56 individual titles.
The property occupies an enviable central city position on the corner of City Road and Liverpool Street, just metres from Symonds Street and motorway on ramps, along with being handily located to Auckland's education precinct.
Consideration should also be given to the future add-value opportunities which this building provides. Opportunities include addition of further floor area, residential conversion or sell down of neighbouring car parks. Call now for further information.