Office for Sale, 131 Queen Street, Auckland Central, 1010 - CBRE Commercial

Overview

Office for sale

Landmark Character Building in Auckland's CBD

CBRE and Bayleys as exclusive agents are proud to present to the market, a quality heritage asset in an unparalleled location, in the heart of Auckland’s CBD. 131 Queen Street will be repositioned to a market leading A-Grade office asset with a comprehensive refurbishment program of the entire building already underway. Selling upon completion of its extensive refurbishment, 131 Queen Street will be Auckland City’s premier landmark character office building offering a long lease profile, prime Queen Street retail frontage and significant scale. Eight levels of approximately 8,489sqm of office space has been leased to WeWork, the premier provider of shared workspaces in the world, with the building home to the company’s first office operation in New Zealand. For sale by International Expressions of Interest closing Tuesday 25 August 2020 at 4:00pm NZST (unless sold prior). INVESTMENT HIGHLIGHTS • Unparalleled location at the centre of Queen Street’s golden retail mile in the heart of Auckland’s CBD. • 131 Queen Street will be repositioned as a market leading A-Grade office asset with a comprehensive refurbishment program of the entire building already underway. • 1,200sqm floorplates; providing the largest and most spacious office space amongst all Auckland character office buildings. • WeWork’s first co-working site in New Zealand, with fixed annual rental growth and a strong bank guarantee in place. • Mix of A-Grade office and prime retail tenants providing an estimated net rental of circa $8.07 million per annum on completion of the redevelopment and a WALT of c11.6 years. • 10,306sqm of net lettable area (NLA) on a single Freehold title comprising 10-levels, including ground floor and basement retail. For more information and to register your interest please go to: https://131queen.co.nz/
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Sizes and Measurements

Total Size

10,306

Pricing Information

For sale

Deadline Sale

Specification

  • Quality Heritage Asset
  • Unparalleled Location
  • WeWork’s first co-working site in NZ
  • Landmark Character Building in Auckland's CBD

Photos

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