Listing #:2057605593

A+ Grade Investment to Multi-National Tenants

Location: 57 Market road, Remuera, Auckland City, Auckland
Property use: Office
Floor area: 1,942-1942m2
Land area: 2147m2
Price: To be sold by deadline sale (by 12 Jun)
Colliers International is pleased to have been exclusively appointed to present 57 Market Road, Remuera to the market. This is an outstanding opportunity to acquire a superbly located A+ Grade investment with multi-national tenants; AIA International, Bid Food & Jetts Fitness.

The subject property is located in Remuera, strategically positioned in one of Auckland’s most popular and recognisable suburbs. Situated close to the soon to be completed Westfield shopping centre development, budgeted to cost almost $1 billion, 57 market Road is extremely well positioned to benefit from what will positively transform 277 Newmarket into the largest Westfield shopping centre in the Southern Hemisphere.

The property itself comprises a 2,147m2 freehold title, zoned “Business - Local centre” under the Auckland Unitary Plan. The title forms a regular shaped parcel that slopes gently from street level towards the northern boundary. The building was constructed in 1997, comprising two levels of modern high-grade office space and subterranean car parking. With a seismic rating of 115% NBS this stand up investment ticks all the boxes.

Investment opportunities of this calibre very rarely present themselves in today’s market. For more information or to arrange a viewing call the sole agents today.
* Multi-national tenants include AIA and Bid Food
* $673,942.84 net income pa
* Excellent exposure to SH1
* Adjacent to Remuera Train Station with Bus routes on the door step
* A+ Seismic Rating of 115% NBS
* Recent exterior and landscaping upgrades
* Weighted average lease term of 5.7 years
* Leases allow for rental upside in a growing market

Agency reference #: 213254
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Deadline sale
57 Market road, Remuera, Auckland City, Auckland
Deadline sale
Listed: Fri 10 May, 9:53 am
Gareth Fraser
Colliers International, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3597928
  •  (021) 2426779


Agent's details

Gareth Fraser
  •  (09) 3597928
  •  (021) 2426779
Simon Child
  •  (09) 3589872
  •  (021) 1302067
Colliers International, (Licensed: REAA 2008)
(09) 3581888
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Expires: Fri 2 Aug, 10:32 am
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