Tender: Closes on Monday 28 June 2021 at 2:00PM (unless sold prior)

12-14 Nikau Street, 606m² freehold Land, zoned as Mixed Use with a broad frontage to Nikau Street. The elevated site, within Auckland Grammar School zone, enjoys a commanding view to the south and west, making it suitable for a five to six storey residential apartment development (subject to Council approval), as is the case with similar developmental sites nearby.

The circa 583m² building is constructed of concrete and steel was completed in the 1980's. The lower level has vehicle access with 14 car parks and a warehouse storage space. The main building, with its 13 residential apartments (11 apartments for two bedrooms and two apartments for a one bedroom studio), and triple garages, generates a rental income of over $6,000 per week.

Located in the ever-popular suburb of Eden Terrace, the building is a stone's throw away from the newly developed Mount Eden Station, the part of the new City Rail Link network, earmarked to be completed by 2024. The completion of the CRL will be a game changer for this property, making it easily accessible to the entire Auckland CBD area and beyond.

Grab this one in a lifetime opportunity to invest in the future of Auckland downtown living.