– Holding gross income of $220,000pa + gst.
– CBD growth precinct.
– Business – City Centre Zone.
The front building is a three level character building, being the former Fitzroy Hotel of many years past and is protected as a heritage property. The rear land is subject to a resource consent for development as student accommodation (156 rooms). Additionally, there is a further consent pending approval, for 82 apartments. Please note that transfer of air rights from the frontage (215 square metres land area) to the rear (238 square metres land area) provides for a total GFA new build of approx. 3600 square metres with 50