Owned by the same family for over 45 years, Colliers New Zealand are proud to exclusively present two prime neighbouring future development sites located within 100m of the Sky Tower in the heart of the CBD.
67-71 Victoria Street encompasses circa 510.68m2 floor area across three fully tenanted, two storey buildings on three separate titles making up a 326m2 site and generating $310,000 net income.
Tenants within the properties include Auckland icons such as Mexican Café and The Fiddler Irish Bar as well as national tenant, Hell Pizza.
The property is being sold by the owner concurrently with the sale of the direct neighbouring 51-63 Victoria Street West as either individual offerings or together collectively (making up a corner site with a total area of 860m2).
With a high profile street frontage spanning circa 18m along Victoria Street, the property delivers a rare opportunity to landbank an unmatchable prime Auckland CBD future development site with great holding income generated from the character buildings that house retail and hospitality tenants.
Zoned as Business–City Centre Zone in the Auckland Unitary Plan and located within the “Special Height Area” with a MTFAR of 13:1, the properties provide a buyer with scope for future development. A high concentration of amenity and proximity to motorways and public transport make this locality attractive to commercial, residential and hotel uses.
With the Sky Tower being a drawcard for hundreds of thousands of local and international tourists each year since it’s completion in 1997, this location is a certain pick – get in touch with Tony Allsop or Matt Plowman for further information or to arrange a viewing
Features:
- Net Lettable Area – Circa 510m2
- Site Area – 326m2
- Net Income – $310,000
- Trophy Central City Asset – Iconic freehold building
- Prized CBD Location - Close by Sky City and CRL Aotea Station
- Incredible Development Potential – 13:1 MTFAR
More information: https://www.colliers.co.nz/p-NZL67014798
