Listing #:2152016846

A-Grade City Fringe Freehold Investment

Location: 7 Falcon Street, Parnell, Parnell, Auckland City, Auckland
Property use: Office
Floor area: 1,131-1131m2
Land area: 620m2
Price: To be sold by deadline sale (by 19 Jun)
This outstanding premium investment property is positioned on the Northern ridge of Falcon Street overlooking the Parnell train station and Auckland Domain. The building comprises a six level office building with 3 commercial tenants and 39 car parks accessed on Cheshire Street. The property returns a net annual income of approximately $553,885 + GST p.a. and includes regular rental increases as per the lease agreements. 

Situated on a 620sqm freehold site, the modern office fit-out that includes a net lettable area of 1,131sqm is completed to the highest of standards and offers fantastic natural light and views over the Auckland Domain. The site is zoned business mixed-use and includes a height variation of 27 metres so there is real opportunity for a future conversation and change of use option.

With a seismic rating of 72%, a vast number of car parks, split risk income and a trophy location in the heart of the hugely desirable Parnell precinct, this building offers all the hallmarks of a prime investment opportunity for those buyers waiting for that special opportunity.

Offers are to be lodged at the Colliers International Office, Level 27, 151 Queen Street, Auckland CBD or via email by 4pm Wednesday, 19 June 2019 (unless sold prior).

* Split-risk income of approximately $553,885 + GST + outgoings with fixed rental growth
* 39 car parks including secure access from Cheshire Street
* A-grade office building comprising 1,338m² gross floor area
* 620m² freehold land
* Business Mixed-use zoning allowing for future conversion potential
* Prominent Parnell position with dual access from Falcon and Cheshire Street
* Situated nearby key transport links including Parnell Train Station, motorway arterials and public bus and cycle lanes

Agency reference #: 213389
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Deadline sale
7 Falcon Street, Parnell, Parnell, Auckland City, Auckland
Deadline sale
Listed: Fri 17 May, 1:15 pm
David Burley
Colliers International, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3578602
  •  (021) 478225


Agent's details

David Burley
  •  (09) 3578602
  •  (021) 478225
Kris Ongley
  •  (09) 3589870
  •  (021) 657687
Colliers International, (Licensed: REAA 2008)
(09) 3581888
Log in or register to email the agent.
Expires: Fri 2 Aug, 1:32 pm
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