CBRE and Barfoot & Thompson are pleased to present this outstanding Freehold Queen Street investment opportunity to the market for sale by International Deadline Private Treaty Closing 4pm Tuesday 13 December 2016
The high profile 1,178m² site is located on the corner of Queen, Rutland and Lorne Streets in the heart of the Auckland CBD and enjoys the benefits of substantial foot traffic from the University, AUT and arts precinct.
The building has diversified income from vibrant ground floor retail with the upper office levels underpinned by a long term government guaranteed lease. The nine level 4,876m² building is well under the maximum Gross Floor Area of 11,780m² allowable under the City Centre Zone and provides the opportunity for additional floors or building on the rear vacant land on the corner of Rutland and Lorne Streets
350 Queen Street offers sound investment fundamentals with a sought after Queen Street address, with future potential not to be overlooked.
Investment highlights include:
• Highly visible 1,178m² freehold site with three frontages • Located near Aotea Square, Civic Theatre, and Auckland Art Gallery, close to Sky City and convention centre • Nine level 4,876m² building with A+ seismic rating (IEP 185%) • Further development upside • Net annual passing rental of $2,748,000 + GST underpinned by prime retail and new long term government guaranteed lease
Please direct all enquiries, requests for information and arrangements for inspections to the exclusive joint agents.