CBD TOWER IN GROWTH LOCATION

87-89, Albert Street, Auckland City

By Negotiation

Proposed Usage
Office
Floor Area
7210.00 m²
Description:
Property ID
1c5k3kw

DEADLINE PRIVATE TREATY CLOSING 3:00PM, WEDNESDAY 29 MAY 2019 (UNLESS SOLD PRIOR) AT L3, 50 KITCHENER STREET, AUCKLAND CITY

87-89 Albert Street is strategically located near the heart of the central city in a location which is set to benefit substantially from major infrastructure upgrades in the immediate area. These include the City Rail Link, with nearby Aotea Station predicted to be the busiest station on completion and the New Zealand International Convention Centre, due for completion late 2020.

The building comprises 11 office floors and two basement car parking level providing 7,210m² of net lettable office. The building is currently 68% leased, providing a new passing income of $1,133,740 with a potential fully leased net income of circa $2,092,000.

The comparatively short lease profile and vacant space provides purchasers with the opportunity to refurbish or redevelop the property to add significant value to the investment.

We welcome enquiry and encourage contact with the sole agents to discuss the opportunity further.

• Strategic 1,290m² site in an area undergoing significant improvement
• 13 level building comprising approximately 7,210m² plus 58 secure car parks over two basement levels
• Net passing income $1,133,740 with potential to increase to circa $2,092,000 fully leased
• Opportunity to add value through refurbishment and redevelopment
• Contact us now for further information

Enquire about this property

Auckland City Area