Colliers New Zealand are pleased to have been exclusively appointed to market 187-191 Symonds Street, Eden Terrace, Auckland.
The property boasts a high profile onto one of the city’s busiest arterial routes, with connecting access to other key arterials like State Highway 1, Newton Road and Khyber Pass.
Along with a prime location, the asset offers 608sqm over two floors, providing a range of amenities including a large, open-plan 203sqm showroom/workshop on the ground floor with a 199sqm workspace upstairs currently occupied by the owner, Gemmell’s, a family leather works business. Their space will be left vacant for the next owner, and a conjoining 102 sqm retail tenancy currently leased to popular café, Mizu, and 105sqm of showroom/office space leased to handbag manufacturer and retailer, Georgia Jay. Due to the property’s partly vacant nature, it offers a promising solution for an owner-occupier, or even the passive investor seeking an investment to hold. With either decision, the incoming investor benefits from the current rental income from the popular café, Mizu and Georgia Jay upstairs, returning $88,400 Gross p.a + GST.
The current owner-occupier, Gemmell’s, is relocating, opening up the opportunity to occupy a versatile showroom and workshop space and reap the rewards of this Eden Terrace location.
187-191 Symonds Street is for sale via way of Auction to be held at 11 am on Wednesday, May 29, 2024 (unless sold prior) at Colliers New Zealand, HSBC Tower, Level 23, 188 Quay Street, Auckland. Contact the sole agents & enquire today!
Features:
* Partially Vacant Providing a unique Owner-Occupier Opportunity
* Split Risk Investment with a Passing Income of $88,400 + GST p.a
* Large Profile to Symonds Street
* Sought After Retail/Showroom Premise
* 607.5m2 Net Lettable Area
* 308m2 Freehold Title
* Zoned Business - Town Centre
* Rear Access and Parking