12 Vulcan Lane, City Centre, Auckland City

FOR SALE

DEADLINE PRIVATE TREATY 31ST MAR 2022 4:00PM (UNLESS SOLD PRIOR)

Colliers New Zealand is proud to present 12 Vulcan Lane to the market, to be sold via Deadline Private Treaty closing 4:00pm Thursday 31st March 2022.

12 Vulcan Lane, known as the Queen’s Ferry Hotel is a landmark CBD building that conveys a sense of history and delivers sought-after attributes including the rendered brick façade which is decorated in a late Victorian Italianate style, brick masonry walls and double-hung sash type windows.

Located in downtown Auckland CBD, Vulcan Lane runs directly off New Zealand’s premier retail strip and being positioned at the heart of Auckland’s hospitality and commercial vicinity, 12 Vulcan Lane is exceptionally well positioned. Proximity to a high concentration of quality commercial office paired with the laneways rich public house history make this locality attractive to hospitality uses.

Originally constructed in 1858, the property oozes character, which is complemented by surrounding heritage listed buildings.

The three-level building plus basement incorporates, circa 314m² floor area and the building sits on a 118m² site with an additional 1/9 share of the 70m² rear access laneway.

Income across the building’s three tenancies currently sits at $247,317 Net.

There is current and potential opportunity for owner occupiers on the top floor.

Taking into account the character, location, relative affordability compared with other CBD assets and owner-occupier potential, this property is a desirable prospect – contact the sole agents for further information about this charming pint-sized property.