Situated on a north facing, raised high profile corner site, 400m from the Mount Eden Train station and minutes from the CBD sits this modern freehold investment consisting of two levels of office floors, ground floor warehouse together with 53 car parks.
In addition to the long standing global anchor tenant (since the buildings origin), the property also offers significant flexibility to the market with significant cash flow potential to investors whilst providing future options for further development and or residential conversion. Immediate options to occupy are also prevalent; take your pick between 310m² to 960m² of office with full building occupation a possibility at the end of 2022 if required.
The outlook from the building offers fantastic natural light with uninterrupted views to the Waitakere Ranges and north over the CBD.
26 – 32 Virginia Avenue East sits on 1,541m² of business - mixed use zoned land opening the door for residential conversion and/or further development opportunities with a height allowance to 18m. Built in the 1990’s, modern buildings of this calibre with such a significant land holding rarely become available in Auckland’s city fringe.
Don’t miss this one - Call the sole agents today for a viewing.
Breakdown of floor areas:
Ground Level Warehouse – 729m²
Office (First Level) – 961m²
Office (Second Level) – 961m²
Car Parks - 53
Features:
- Current Passing income $647,000 + GST p.a. (approx)
- Fully let market income circa $753,000 + GST p.a.
- Large 1,541sqm corner site in high profile location
- Modern freehold standalone comprising 2,651 sqm NLA
- 53 onsite carparks (majority undercover)
- Mixed Use zoning offers future residential development angles
More information: https://www.colliers.co.nz/p-NZL67010771
