SYMONDS STREET PORTFOLIO
69 Symonds Street
Executive Summary
Interest for sale: 100% Freehold in Fee Simple
Legal description: Lot 2, Deposited Plan 529294
Identifier: 857489
Capital Value: $6,300,000
Site area: 1,608m²
Zoning: Business - City Centre
Built:1989
Net lettable area (NLA): 1,372m²
Floor plates: 747m² approx. (L5), 624m2 approx. (L6)
Levels: Two
Car parks: 52 (85 additional car parks are situated in the basement, however, these have not been included as 7 City Road has a parking easement over them)
Seismic: 75 % NBS B Grade
Occupancy: 100%
WALE: 2.7 years
Net passing income: $513,395
The property comprises a two-level podium office building providing 1,372m² of lettable area with 52 car parks. In addition, 85 basement car parks are situated within the building; however, these are subject to a parking easement with 7 City Road.
The building is 100% occupied by Whitecliffe College, providing a net passing income of $513,395 at an average net rental of $270/m². Whitecliffe College are a leading private tertiary institution with a wide range of programs in fine arts, design, fashion, information technology, and creative arts therapies, from certificates and undergraduate degrees through to postgraduate study, with a strong emphasis on practical, industry-relevant skills and creative thinking.
69 Symonds Street Gallery
Boundaries and renders are indicative only.
