9 Augustus Terrace, Parnell, Auckland City, Auckland

Colliers NZ has the privilege to present to market for sale 9 Augustus Terrace, Parnell, Auckland via Deadline Private Treaty closing Wednesday 26th June 2024 at 4pm NZST (unless sold prior).   Located in the heart of this prestigious Parnell district, 9 Augustus Terrace occupies an entire Parnell block and presents a rare opportunity for owner-occupiers, add-value investors, passive investors or developers.   This three-level, free-standing property offers 3,746sq m  of open plan character office space which was refurbished to a high specification. The building proudly sits on an elevated mixed use site totalling 2,013sq m with four street frontages. The property is currently leased to Jasmax Architects and Rush Digital, generating a total net income of $1,349,801 per annum. The vendor  is willing to offer a underwrite option up to an estimated market rental of $1.6 million plus GST until expiry of the existing leases in March 2027.   The blend of immediate returns and long-term growth potential is what sets this property apart. Interested parties are encouraged to consider the unique attributes and strategic position of this property as a noteworthy addition to their portfolio.    Call the agents now:   Blair Peterken

+64 21 421 426   David Burley

+64 2121 478 225   Peter Herdson

+64 21 654 323

Features:

• 3,762sq m - total (NLA)
• 2,013sq m - total site area
• 71 carparks (58 Stacked, 13 Single)
• $1,600,000 + GST p.a. net rent underwritten
• Independent ‘island’ site with 4 street frontages
• Future development potential with mixed-use zoning
• Easy access to SH1 (north and south), SH16, Parnell Train Station, Parnell shops and major bus routes

More information: https://www.colliers.co.nz/p-NZL67028948