The first of its kind to the New Zealand market place, The Orange is a newly developed built to rent opportunity integrated with commercial office and a beautifully restored historic building.
This 2015 development features one of Auckland’s most recognised character landmark buildings; The Orange Coronation Hall.
Designed by Crosson Clarke Carnachan, this NZIA Award Winning property presents a multitude of potential options including:
- Passive Investment
- Add Value; increase rents & lease terms
- Conversion of commercial to residential
- Subdivide or unit-title & sell
- Add to or start a Built-to-Rent fund
- Accommodation Operation
- Conversion of Lofts to commercial
Located within the Auckland Grammar Zone, within very close proximity to all major transport links including SH1 and the major development of the City Rail Link’s Mount Eden Junction (completion projected for 2024).
The Newton/Eden Terrace precinct, also known as ‘Uptown’, is one of Auckland Central's most popular pockets for live/work demand and renowned for its Food & Beverage offerings with multiple cafes and hospitality options available including Galbraith’s Alehouse and Sid at The French Café.
Inspections are strictly by appointment only.
Features:
- Split income between residential & commercial; 65%:35%
- Total Net Income of $1,782,939 per annum
- Popular locality for live/ work demand
- 8 min walk to Mt Eden Train Station
- World class architecture
- Built to Rent opportunity
- Beautiful heritage design
- Excellent access & street frontages
- Quality commercial tenants
- 80 underground secure carparks
- Full Professional management services available
- Close proximity to key arterials
- Business - Mixed Use Zoning (21m)
More information: https://www.colliers.co.nz/p-NZL67012708
