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.
51-71 Victoria Street West is made up of five titles, available for sale in two individual offerings or together collectively.
The first offering is 51-63 Victoria Street West which is located on the corner of Victoria Street West and Albert Street. The circa 823.13m², two-storey building sits on 534m² of land across two titles and generates $389,025 net income with potential to significantly increase the rent roll by leasing the circa 412m² tenancy recently vacated by Mai Thai restaurant.
The second offering is 67-71 Victoria Street which 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.
In total, these properties would make up an exceptional 860m² corner site with a massive street frontage spanning circa 50m along Victoria Street and circa 16m along Albert Street.
Zoned as Business – City Centre Zone in the Auckland Unitary Plan and located within the “Special Height Area” with an MTFAR of 13:1, the properties provide a buyer with incredible scope for future development.
51-63 and 67-71 Victoria Street West deliver a rare opportunity to landbank unmatchable prime Auckland CBD future development sites with great holding income generated from the character buildings that house retail and hospitality tenants.
A high concentration of amenity and proximity to motorways and public transport make this locality attractive to commercial, residential and hotel uses.
The City Rail Link’s Aotea Station (currently under construction) is predicted to be the busiest train station in the country and will be located approximately 250m from the properties, further improving the accessibility of mid-town Auckland.
With the Sky Tower being a drawcard for hundreds of thousands of local and international tourists each year since its 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.
DEADLINE PRIVATE TREATY 9TH JUN 2021 4:00PM (UNLESS SOLD PRIOR)
Highlights
51-63 Victoria Street West
- Net Income - $389,025
- Site Area - 534m²
- Net Lettable Area - 823.13m²
- Corner Site with two street frontages
- Close by Sky City and City Rail Link Aotea Station
- Trophy Central City Asset
- Incredible Development Potential - 13:1 MTFAR
- City Centre Zoning - Located in ‘Special Height’ area
67-71 Victoria Street West
- Net Income – $310,000
- Site Area – 326m²
- Net Lettable Area – 510.68m²
- Close by Sky City and City Rail Link Aotea Station
- Trophy Central City Asset
- Incredible Development Potential – 13:1 MTFAR
- City Centre Zoning – Located in ‘Special Height’ area