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120 Mayoral Drive, Auckland CBD, Auckland, New Zealand

Tenanted Investment
DETAILS
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 SUMMARY
For Sale:
By way of tender : Closing 4pm Thursday 24th June 2021 (NZST) Bayleys House 30 Gaunt Street, Auckland Central New Zealand 1010
FLOOR AREA:
4947 sqm
Land Size:
1172 sqm
Zone:
Business – City Centre
Type:
Offices, Whole Building, Office Suites, Whole Building, Office Suites
Tenanted Investment:
Fully leased to Auckland University of Technology (AUT) returning NZD$1,491,464 p.a. net plus GST. Fully tenancy details available on request
LOCATION
Property Map
FOR SALE PROPERTIES IN THE AREA
SOLD PROPERTIES IN THE AREA
AGENCY DETAILS
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