2 Akaroa Street, Parnell, Auckland

Premier Parnell investment with upside

• Leased to two international shipping companies, returning $257,617 pa + GST
• Freehold 620sqm corner site zoned Business - Mixed Use (27m)
• Penthouse office ideal for owner-occupier or residential conversion
• A trophy asset that will appeal to investors, occupiers and developers

A rare opportunity to acquire an asset of this quality and scale in a prime Parnell location. The property is leased to two international shipping companies and returns $257,617 pa + GST (net), while the penthouse office plus decks provides attractive options for owner occupiers and/or a residential conversion project.

The property occupies the northern end of the block and is strategically positioned between the vibrant hospitality found on Parnell Road and the Parnell Train Station.

Considerable future add value and development potential can be unlocked due to its favourable Mixed-Use zoning with 27 metre height overlay and three street frontages.

A high-calibre city fringe opportunity not to be missed.