9 CITY ROAD, AUCKLAND
This syndicate was established in 2007 to own the land and buildings at 9 City Road and 11 Livrpool Street, immediately adjacent to the Symonds Street ridge, on the south eastern periphery of the Auckland CBD. The property comprises a 6 level office building with a floor area of 3,259 sqm (excluding decks) and 65 basement carparks. The property is predominantly occupied by the International Travel College of NZ which renewed its lease for 6 years from January 2011.
The property is well located with easy access to the motorway network (access to the Southern motorway for southbound traffic is approximately 150 metres to the South of the property), and within a short distance from Auckland’s CBD.
Investors subscribed for 100 individual interests in the scheme at $50,000 each.