Two CBD fee simple titles with holding income.

75-77 Wakefield Street and 44 Airedale Street, Auckland Central, Auckland

Description

– 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
metre height.

Listing Agent

David Huang
021 888 819
david.huang@blackhaus.co.nz

Simon Aldridge
021 774 951
simon.aldridge@blackhaus.co.nz

Contact

Level 4, 8 Commerce Street, Auckland CBD, 1010

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Black Haus Limited licensed under the REA act 2008