SYMONDS STREET PORTFOLIO
67 Symonds Street
Executive Summary
Interest for sale: 100% Freehold in Fee Simple
Legal description: Lot 1, Deposited Plan 529294
Identifier: 857489
Capital value: $36,000,000
Site area: 3,800m²
Zoning: Business - City Centre
Built:1989
Net lettable area (NLA): 7,094m²
Floor plates: 1,070m2 average (levels 5-8), 540m² (levels 9-14)
Levels: Nine office levels, five basement car park levels
Car parks: 249
Seismic: 100% NBS A Grade
Occupancy: 100%
WALE: 2.87 years
Net passing income: $2,717,780
67 Symonds Street is a large-scale city fringe office and parking investment occupying a prominent Freehold site on Symonds Street within Auckland’s established medical and education precinct. The property comprises a 14-level commercial building providing office accommodation and extensive on-site car parking on a substantial landholding of approximately 3,800m².
Originally constructed in the 1980s and subsequently refurbished, the building provides approximately 7,094m² of net lettable office accommodation together with 249 car parks. The building is 100% occupied by Whitecliffe College and The University of Auckland, along with 195 car parks leased to Secure Parking, providing a strong income stream of $2,717,780 underpinned by long-term demand from the education sector. City Centre zoning, excellent transport connectivity, and the scale of the underlying site support both ongoing income stability and longer term asset management and redevelopment potential.
67 Symonds Street Gallery
Boundaries and renders are indicative only.
