Description

Two adjoining character villas. Two separate freehold titles. Current holding income and multiple future pathways.

JLL is pleased to present a rare opportunity to acquire an adaptable 490 sqm city-fringe landholding positioned moments from Victoria Park, Ponsonby, Wynyard Quarter and Auckland’s CBD.

The properties comprise approximately 268 sqm of commercial accommodation across two-character villas and generate combined current rental income of $109,606 net per annum.

The existing lease structure provides immediate income together with near-term flexibility. The lease at 39 Spring Street expires on 31 March 2027, creating an opportunity for a purchaser to occupy, re-lease or reposition the property, while 37 Spring Street remains occupied by a long-established tenant.

Underpinning the improvements are two adjoining freehold titles zoned Business - Mixed Use, with a current 18-metre height standard and approximately 20.20 metres of combined frontage to Spring Street.

Whether acquired for investment, future occupation, land-banking or longer-term redevelopment, 37 & 39 Spring Street provide the freedom to determine the next chapter.

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