97-99 Karangahape Road, Auckland Central, Auckland

CBD standalone investment

• Fee Simple Freehold title
• Ground retail and 1st level space access from the main road.
• Total building area 155sqm (approximately)
• Favourable CBD Metropolitan Centre Business Zoning

Offering to the market is a two-level, circa 155sqm building sits on a 177sqm site with rear pedestrian access from City Road.

Positioned along vibrant Karanagahape, upper end of Auckland CBD between the Upper Queen Street and the Symonds Street. The property benefits from the high exposure to the heavy daily commute traffic and upcoming City Rail Link network with the Beresford Square station only minutes walking distance.

This property is adjoining with some long-established hospitality tenants such as Ken Yakitori Bar, Masako Japanese restaurant; the ground floor retail shops have been occupied by a takeaway & liquor shop offering the opportunity to any similar business type of owner occupier or any adding value investor.

In more recent times, Karangahape Road and the surrounding area have undergone substantial gentrification and is widely considered to be the cultural heart of Auckland Central along with being one of the most sought-after retail, hospitality and entertainment precincts in Auckland.

The area is now characterised by a combination of trendy and award-winning restaurants and eateries, along with a vibrant mix of retail stores and entertainment venues.

The development of high-end residential apartments on the Karangahape Road ridge has seen the immediate area continue to flourish and is likely to continue to thrive even further following the City's imminent $3.4 billion dollar City Rail Link and Train Station investment.