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120 Mayoral Drive, Auckland CBD, Auckland, New Zealand

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+6 Photos

Properties / Buy / Queensland / Aukland

Tenanted Investment

1. Property Summary

Selling Method

For Sale

Selling Details

By way of tender : Closing 4pm Thursday 24th June 2021 (NZST) Bayleys House 30 Gaunt Street, Auckland Central New Zealand 1010

Land Area

1,172 sqm

Floor Area

4947 sqm

Property Type

Offices

Est. Income

$1,491,460 p/a

Fully Leased

New Zealand's university education sector

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2. Property Highlights

New Zealand University Tenanted Office Building

Fully occupied by New Zealand’s second largest University, Auckland University of Technology (AUT)
Strategically located Auckland CBD investment positioned in the heart of AUT’s City Campus
Returning NZD$1,491,464 per annum plus GST and outgoings

The Auckland University of Technology WY Building presents as a rare opportunity to acquire a strategic university education asset located in Auckland's CBD.

Developed in 1988, 120 Mayoral Drive encompasses 4,947sqm of net lettable area across 9 levels including two levels of basement carparking. The asset currently returns $1,491,464 p.a. net plus GST, with the potential for short term rental growth and value upside through exercising rent reviews and right of renewals.

New Zealand's university education sector presents highly compelling, resilient investment fundamentals, being a Government funded, NZD $4 billion domestic industry responsible for the education and employment of more than 177,000 students and 22,000 staff.

Tenanted university assets within the heart of university campuses seldomly present to the New Zealand market, call the sole agents now for further information.

Remember to mention you found this property on CommercialReady.com.au

Property Type

Offices

Est. Income

$1,491,460 p/a

Number Of Tenants

Tenant

New Zealand's university education sector

Land Area

1,172 sqm

Floor Area

4947 sqm

Selling Method

For Sale

Selling Details

By way of tender : Closing 4pm Thursday 24th June 2021 (NZST) Bayleys House 30 Gaunt Street, Auckland Central New Zealand 1010

2. Property Highlights

New Zealand University Tenanted Office Building

Fully occupied by New Zealand’s second largest University, Auckland University of Technology (AUT)
Strategically located Auckland CBD investment positioned in the heart of AUT’s City Campus
Returning NZD$1,491,464 per annum plus GST and outgoings

The Auckland University of Technology WY Building presents as a rare opportunity to acquire a strategic university education asset located in Auckland's CBD.

Tenanted university assets within the heart of university campuses seldomly present to the New Zealand market, call the sole agents now for further information.

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment