This outstanding investment property is positioned on the Northern ridge of Falcon Street overlooking the Parnell train station and Auckland Domain. The building comprises a multi-level office building with 4 commercial tenancies and 37 car parks (accessed from Cheshire Street). The property returns a net annual income of approximately $604,655.00 + GST p.a. and includes regular rental increases as per the lease agreements.
Situated on a 620sqm freehold site, the modern office fit-out includes a net lettable area of 1,131sqm and is completed to the highest of standards, offering fantastic natural light and views over the Auckland Domain. The site is zoned Business Mixed-use and includes a height variation of 27 metres allowing for future conversation or change of use opportunities.
With a modern fitout, a significant number of car parks, split risk income and a trophy location, 7 Falcon Street offers all the hallmarks of a fantastic investment opportunity.
Please contact the joint and sole agents –
David Burley
021 478 225
Kris Ongley
021 657 687
Kevin Reardon
021 028 838 25
Tommy Zhang
021 760 889
Features:
* Trophy location within Parnell
* Dual access from Falcon & Cheshire Street
* Split-risk income of $604,655 + GST
* 37 car parks
* Mixed use zoning
* Freehold ownership with 1,338m2 GFA