UNIQUE PARNELL INVESTMENT OPPORTUNITY

20, Augustus Terrace, 59-63 The Strand, Parnell, Auckland City

Price On Application

Proposed Usage
Office
Floor Area
1436.00 m²
Description:
Property ID
1c220tj



Situated on a prized ridge of thriving Parnell commercial district, 20 Augustus Terrace/59-63 The Strand, Parnell couldn’t have a more appealing location.

The buildings underlying freehold land is owned by The Melanesian Mission Trust Board.

The lessee’s interest comprises a 6 level mixed-use commercial building, with ground level retail/workshop space, three levels of character office space and two levels of car parking to the roof top. The property has dual frontage and access. The frontage to Augustus Terrace has received major refurbishment in recent times, plans are in place to do the same to The Strand frontage. The Lessee’s Interest is subject to a 21 year perpetual lease from 16 September 2012, with a ground rent of $155,000 per annum plus GST. Ground rental reviews are upon renewal, with the next being 16 September 2033.

All enquiries, requests for information and arrangements to undertake inspections in relation to this investment opportunity are to be directed to Adam White and David Burley.

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Parnell Area