15 Wellesley Street New Auckland QLD 4680

Hotel, Motel, Pub & Leisure
1,783 m²
Sold

Capitalise on Auckland's Growth

CBRE is pleased to offer for sale on behalf of Mt Olympus Properties Limited, the T&G Building, 15 Wellesley Street West and 39 Elliott Street, Auckland CBD.

Investment highlights include:

- Freehold site of 1,783sqm in two titles, located on the corner of Wellesley Street West and Elliott Street in the heart of the Auckland CBD.

- Diversified income streams from retail, restaurants, backpacker and 65 managed residential apartments with vacant possession.

- Fully leased historic building situated in a growth location that has seen significant investments in shared spaces and public environments.

- Strong annual cash flow of $3,189,368 net p.a +GST.

- Close proximity to Sky City Casino, International Convention Centre and Civic Theatre as well as being on the doorstep of the proposed Central Rail Loop Aotea Station.

- Managed apartments were originally designed and operated as a boutique CBD hotel.

For Sale by Negotiation