Rare Parnell Trophy Investment

15, Bath Street, Parnell, Auckland City

Tender

Proposed Usage
Office
Floor Area
538.00 m²
Land Area
375.00 m²
Description:
Property ID
1c3yh5x

- Rare Parnell investment property just 5 minutes from Aucklands CBD
- Modern, freehold 538sqm standalone building + 13 carparks
- Fully leased to two established tenants
- Returning $224,657 + GST p.a. with built in rental growth
- Strategic corner position in key CBD Fringe growth location
- Favourable zoning offers future development potential with 21 metre height

15 Bath Street comprises a modern three level commercial building providing showroom and office accommodation plus basement car parking. The property is fully leased to two highly regarded tenants with rental growth, making this Parnell property a true bottom drawer investment opportunity.

Consideration must also be given to the future potential this property provides. The Proposed Auckland Unitary Plan has increased the height limit to 21 metres. Simply sit back, enjoy the cashflow which has built in rental growth and watch this highly sought after location continue to take shape.
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Parnell Area