3 FLOWER STREET

ASSET TYPE // city FRINGE commercial OFFICE

LOCATION // EDEN TERRACE

ACQUISITION DATE // DECEMBER 2019

TENANTS // VACANT - FOR LEASE

KEY DETAILS

The 2,600 sm m land holding is located to the fringe of Auckland’s CBD in Eden Terrace. The site benefits from multiple frontages to Flower Street, New North Road, Nikau Street and Korari Street.

Improvements offer a five level commercial building, constructed circa 1950 which has been extensively upgraded to provide commercial space which has been configured for television recording studios, with associated offices and amenity accommodation.  Level one and two provide highly specialised recording studios and control rooms, with control rooms and workspace areas to levels one, two and three.  The remainder of the building is largely utilised for office space.

In addition to the above, a freestanding single level building is situated on the site and provides the staff lunchroom.

The buildings provide a combined net lettable area of approximately 6,221 sqm.  The quality of the accommodation throughout the buildings range from modern, recently refurbished space presented to a high standard, to older inefficient character space.

Following the exit of our sole tenant Warner Bros Discovery at the end of 2025, we have entered a repositioning phase for this asset. Works are now underway to refurbish the upper two levels for an incoming tenant. We continue to works with occupiers and agents to secure lease the lower three levels.

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