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The opportunity

As joint Exclusive Agents, Colliers New Zealand and CBRE are pleased to present 65-71 Federal Street, Auckland Central for sale by International Expressions of Interest.

The property comprises a seven-level, purpose-built car parking facility offering 435 spaces, reflecting a rare opportunity to secure a substantial CBD freehold asset with strong holding income, set amongst a backdrop of constrained CBD parking supply, poised to further tighten following the planned removal of the Downtown Carpark creating compelling upside.

The property also benefits from an extended resource consent for a 55-level, residential-led mixed-use tower, confirming the site’s ability to support large-scale intensification and future redevelopment.

For Sale by International Expressions of Interest closing Thursday, 23 July 2026 at 4:00pm NZST (unless sold prior).

Contact Blair Peterken on 021 421 426, or Peter Herdson on 021 654 323 for more information.

*Boundary lines indicative only.

Highlights

Prime positioning

Situated on a prominent 1,641 sqm corner freehold site, the asset is positioned at the intersection of Federal and Kingston Streets, adjacent SKYCITY precinct, Auckland District Court and Federal Street hospitality strip.

Fully leased until 2029

Fully leased to Secure Parking New Zealand Limited to April 2029, the property generates a semi-gross base rental of $1.52 million per annum plus GST with 2.5% fixed annual growth. A turnover rent component, introduced in 2021, provides additional income upside.

The agents

Blair Peterken

Director| Capital Markets

+64 21 421 426

Licensed REAA 2008

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Peter Herdson

National Director | Capital Markets

+64 21 654 323

Licensed REAA 2008

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Location

For Sale

For Sale by International Expressions of Interest closing Thursday, 23 July 2026 at 4:00pm NZST (unless sold prior).

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