15 Nicholls Lane, Parnell, Auckland City, Auckland

EXPRESSIONS OF INTEREST 25TH NOV 2020 4PM (UNLESS SOLD PRIOR)

Carlaw Park is Auckland’s pre-eminent mixed use development, situated alongside the Parnell Train Station, Auckland Domain and immediately accessible to SH 1 & SH 16.

This outstanding investment opportunity is split into two buildings; Carlaw Park Office features A-grade tenants including Nestle, Jacobs and Government, whilst the Carlaw Gateway Building is home to a 42 apartment Quest Hotel, retail and a large car park operated by Wilsons.

Invest in the location, diversity of income stream and strong tenant covenants and benefit from the enduring demand for affordable city fringe properties with huge parking ratios and abundant amenities.

Features

• Net income - $6,866,242 plus GST per annum
• Strong tenant covenants – including Nestle, Jacobs, Government and Chartered Accountants of NZ & Australia
• Secure income stream - 5.76 years WALT across both buildings
• Location – at the interchange linking the CBD, Parnell, the Port and Auckland’s main arterials
• Amenities – including Cafe, restaurant, gym, tennis centre, Auckland Domain, Auckland Museum
• Proximity – to the CBD and Parnell
• Surrounding development – surrounded by Student Accommodation and new development
• Affordability – demand will always exist for offices in this prime location at a significant discount to CBD rentals
• Zoning – Business Mixed Use