59-63 The Strand, Parnell, Auckland

Parnell trophy with future upside

• A meticulously refurbished and beautifully presented Parnell investment
• 3,485sqm (approximately) of stunning character spaces plus 75 car parks
• Currently provides an attractive cashflow of $1,738,068pa + GST
• Resource consent granted for additional residential development

This building must be seen to be appreciated. It has been substantially refurbished to a very high standard that sucessfully incorporates its elegant classical features with sustainable design. At ground are two stunning high-stud showrooms benefitting from huge exposure to The Strand. Above, and accessed from the property's second frontage at Augustus Terrace, are three office levels and two secure rooftop car parking levels.

The property enjoys a strategic position just a short walk to the vibrant Parnell Village which offers some of Auckland's best restaurants, cafes, bars and shops. The Auckland CBD, Newmarket and Grafton are nearby and the location is well served by public transport routes including the Parnell CRL Train Station. Resource consent has been granted for residential addition providing future upside.

The consent allows for development of 28 spacious two-bedroom apartment on top of the existing building which, through their elevation, will enjoy views across to the inner harbour and Auckland Domain.