Strategically situated in Auckland's core CBD and Art Gallery precinct, 10-14 Lorne Street represents a unique value-add opportunity to acquire and reposition this iconic, freehold, office building.
* Less than 50 metres from Queen St and close to Auckland University, AUT and entertainment precinct.
* Total 5,121sqm NLA with A-Grade seismic rating
* Underpinned by four retail tenancies providing stable holding income, with potential to return an estimated $1.3 million once fully leased.
* Excellent street presence with 32 metres of retail frontage
* 9 contiguous refurbished office floors available for occupation or conversion
* Capitalise on Auckland's strong performing office market
* Huge scope for apartment, hotel or serviced apartment conversion
The opportunity to secure similar freehold, standalone properties in the CBD are exceptionally rare.
For sale by Tender closing 4.00pm 18th September 2014 (unless sold prior)