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BIG BLUE AT 132! Investment Opportunity!
132
Symonds Street
Grafton
Auckland
NZ

132 Symonds Street is located on the edge of the Auckland CBD, with premium positioning, overlooking the Waitamata Harbour. This multi-level building has stood the test of time and retained a rich history of well-known tenants such as John Andrew Ford, Microsoft HQ and News Media (Auckland) Ltd. For the first time in nearly 30 years "Big Blue at 132" has come to market For Sale By Way Of Private Treaty; an opportunity to acquire a large CBD corner site and high profile fully tenanted building.

Located half way between both the University of Auckland's CBD, and Newmarket campuses, this is a strategic property purchase with future residential or student accommodation conversion prospects. Fully tenanted, with a secure mixture of large and small tenancies, 132 Symonds is a fantastic investment for any strategic purchaser.

Main Features Include:
• 1,504sqm of land
• 4,184sqm floor area with large floor plates
• Multi-tenanted property
• Gross Passing Income of $738,717.34
• 100% occupancy
• Business - Mixed Use Zoning (Within the Symonds Street Character overlay)
• Massive Motorway Exposure (120,000 vehicle views per day)

Current Unitary Plan permits a height control of 21 metres. The location of this property makes it highly desirable for future accommodation development, short stay hotel, or long term apartments/student accommodation. With the development of the City Rail Link (CRL), the Waterfront has never been so close, not to mention the amazing views down Grafton Gully, Rangitoto, and the Waitamata Harbour. "Big Blue" is a unique purchase opportunity.

It is with pleasure that RCG Realty offer the property For Sale By Way of Deadline Private Treaty closing 4pm Friday 7th of December 2018 (unless sold prior).

Property details

ID
RCGRL00113
For Sale By Deadline Private Treaty (unless sold prior)
Property Type
Industrial/Warehouse
Land Size
1504 sqm
Building Size
4184 sqm

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Desmond Wai
Desmond Wai
Director