5 Farnham Street, Parnell, Auckland

Premier Parnell Investment

- Extensively refurbished, high-quality freehold standalone
- Split risk investment returning $127,516 + GST pa (net)
- Favourable Mixed Use zoning (max height: 21m) with dual street frontages
- A rare opportunity in this very tightly held and highly sought after precinct

This stunning standalone has been extensively refurbished to provide modern, high-quality office accommodation.
The property is fully leased to two established tenants and returns $127,516 + GST p.a. (net). Occupying a prime position in a sought after commercial and residential enclave, this area has experienced significant transformation and become a popular location for commercial tenants and larger corporates.

The property has appeal as either a bottom drawer investment or alternatively as a land bank position with upside. It offers considerable future add value and development potential due to its mixed use zoning, 21 metre height overlay and dual street frontages.

A rare opportunity in a tightly held precinct. Be sure not to miss this one.

James Were
+64 21740032
james.were@bayleys.co.nz

Chris Urry
+64 274 968 843
chris@orangerealty.co.nz

Phil Haydock
+64 21 192 2233
phil.haydock@bayleys.co.nz