101 Pakenham Street West, Auckland Central, Auckland

Rare chance to invest in Wynyard Quarter

• The John Lysaght Building, a genuine central city trophy asset
• Meticulously refurbished blending rich heritage with sustainable design
• Attractive cashflow of $765,906pa + GST (net) from local government tenant
• Premier position in Auckland's highly sought-after Wynyard Quarter

Built in the 1920s for the John Lysaght Steel Company, it has housed various industrial and marine uses, including being used by America's Cup challenger Luna Rossa. It has been substantially refurbished and structurally strengthened and, thankfully, many of its elegant classical features were retained.

The property has been 100% occupied by Tātaki Auckland Unlimited Limited, an Auckland Council - controlled organisation, since 2016. The current net rental of $765,906pa + GST.

The value of this asset is underpinned by its central position in Wynyard Quarter, arguably Auckland City's premier residential and commercial waterfront precinct. One New Zealand and Beca will soon be joining the ranks of numerous major corporates including Microsoft, ASB, Fonterra, Sky, Air New Zealand, Kiwibank, and Southern Cross Health Society which are housed in this vibrant neighbourhood.

The John Lysaght Building is Wynyard Quarter's only office asset to be formally presented to the market for sale. This opportunity can't be missed, call us today!