JLL is pleased to offer via exclusive agency, the freestanding ‘Scholar Hotel Apartments’ tower located at 11 Mount Street, Auckland CBD, by way of Tender closing for offers by 4pm, Wednesday 27th March 2024.
JLL presents 11 Mount Street as a 14-level unfinished tower consisting of accommodation rooms and situated in the heart of Auckland CBD's ‘learning quarter’.
Made up of 104 strata freehold titles and to be sold in one line, this asset is well positioned to capture Auckland’s growing student accommodation needs, thus giving an incoming purchaser a chance to reap the rewards by completing the project, or refurbishing and repositioning with an alternative use in mind. Within the tower, each floor has a similar layout, with units ranging in size from studios to larger hotel style apartments that have their own bathrooms & common kitchenette & laundry facilities.
This exciting opportunity has now been de-risked with the introduction of a consultancy team who are able to assist with the remediation project & full tower completion. Please get in touch with your exclusive agents for further details and to access this capability statement.
11 Mount Street is surrounded by current AUT and Auckland University facilities on all sides, and backs on to AUT's $120m School of Engineering, Computer and Mathematical Sciences. The City Centre zoning allows for development up to 50m and various forms of flexible accommodation with a range of commercial, retail, and residential development uses permitted.
Highlights include:
• 104 strata units to be sold in one-line
* 100% ownership of the entire property
• Holding income from existing tenants
* Close proximity to new CRL station at Aotea Square
• Immediate upside in completing remedial work
• Popular Business – City Centre Zoning
• MUST BE SOLD , PRESENT ALL OFFERS
Please contact the exclusive selling agents below to arrange an inspection or for further or for a copy of Information Memorandum.