Property listing ID: 4115839
190 Federal Street is a Freehold city centre landholding offering substantial development potential and holding income from two established tenants on a premium midtown site. The property holds a central position on Federal Street. The casino, Sky Tower, New Zealand International Convention Centre, and the Federal Street dining strip are all a short walk north, with the University of Auckland and AUT learning quarter a short walk east. The site sits uphill from Aotea Square and Te Waihorotiu Station, forecast to be the busiest station in the country once it opens later this year. The 549m² Freehold site is zoned Business - City Centre, which allows for the city's most intensive forms of commercial, residential, and mixed-use development and a height limit of 47.5 metres. The regular, level site and premium position offer clear scope to maximise future development potential. The solid, standalone, two-level building totals approximately 548m² of gross floor area, plus 16 basement car parks. The ground floor is occupied by The Atrium Club and the first floor by the Auckland Yoga Academy, both long-standing occupiers with flexible occupancy arrangements. KEY FEATURES: • Prime Freehold city centre site of 549m² • Standalone two-level character building of approximately 548m², plus 16 secure basement car parks • Business - City Centre zoning, development up to 47.5 metres • Income of $76,790 + GST per annum • Long-standing occupiers - The Atrium Club and Auckland Yoga Academy A rare opportunity to secure a Freehold holding in the middle of the city with income in place, occupancy options, and genuine development options. Contact now for further details.
Listed by Barfoot & Thompson , John Stringer (City Commercial) , Cam Paterson (City Commercial)