124 Symonds Street Eden Terrace, Auckland City

Positioned on a prime high profile corner site with panoramic open harbour views on every level, in a very versatile Mixed Use Zone. This three level north-east facing building is currently used as a base for highly affordable City Fringe offices but also offers an exciting opportunity to revamp and repurpose into your own bespoke project.

Recently consented as a 25 room boarding house ideal for student accommodation with relatively simple upgrades. The project is able to be completed one level at a time. A one floor conversion could result in a gross income of circa $150,000 and leave the rest of the building for alternative use.

With a floor area circa 435.5 sqm on a freehold title, consider the great value you could realise if with consent you convert to an inner city private pad, home & income or having your own offices or business on one or two levels below and living above.

An apartment of the same size at $10,000 per square meter would cost you $4,350,000 plus Body Corp expenses and rules to comply with.

2 secure car parks.

Available here today at $2,300,000 (plus GST if any)

Call Allan Myers now on 021 489336 to secure this amazing opportunity.