An Iconic Piece of Auckland's History

19A, Princes Street, City Centre, Auckland City


Proposed Usage
Floor Area
876.00 m²
Land Area
1126.00 m²
Property ID

- A timeless investment offered to the market for the first time in over 25 years
- A beautifully presented and seismically strengthened masterpiece
- Fully leased providing an attractive cashflow of $256,351 + GST pa net
- University of Auckland and Trish Clark Gallery as tenants

Completed in 1885, this stunning building which was originally Auckland's Synagogue
was the focus of Auckland's Jewish community for 84 years. After being
deconsecrated in 1969 and then unused for some 20 years, it was revived with an
award winning restoration project. This involved extensive structural work and
painstaking attention given to the revitalisation of its unique character attributes
including ornate stained glass windows, an elliptical staircase, and a decorated barrelvaulted
ceiling supported by graceful arches and columns.

The property is held in an Estate in Leasehold with Auckland Council as the Lessor and
is perpetually renewable. Ground rent reviews (based on land value) appear likely to
be constrained by unique provisions within the lease including the building's historic
classification and zoning provisions. The tenants are responsible for payment of the
ground rent.

This is a unique opportunity to secure a part of Auckland's history which also provides
an attractive cashflow from established tenants.

Enquire about this property

City Centre Area