157-171, Parnell Road, Parnell, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 1177.00 m²
- Land Area
- 860.00 m²
- Property ID
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As far as large scale, split risk investments in a prime location go, they don’t come much more attractive than this.
Located on the hugely popular and historically recognisable Parnell Road, this 860sqm freehold property offers everything a long term or value add investor could want. Split across two buildings and two titles (anchored by tenants House of Travel and La Porchetta) the property has all the hallmarks of a classic split risk acquisition. Offering a fantastic mix of income across retail, hospitality, office and advertising categories, there is nothing that this site doesn’t offer.
As far as location is concerned, again it ticks all the boxes. Situated on bustling Parnell Road, there are public transport routes aplenty including the brand new Parnell Train Station. Furthermore it is a stone’s throw away from the major Auckland motorway junction and public walkways up into the beautiful Auckland domain.
Under the Auckland Unitary Plan, the property is zoned Business - Town Centre. This zone provides a wide range of activities including commercial, residential and leisure. The zoning, along with Parnell’s continued renaissance as a muli-offering destination, means this property is a perfect candidate for a change of use project in the future.
Get your piece of prime Parnell property now as an opportunity like this won’t come around again for a long time.