57 wellington STREET
ASSET TYPE // city FRINGE commercial OFFICE
LOCATION // freemans bay
ACQUISITION DATE // january 2018
TENANT // fcb
KEY DETAILS
The building comprises a modern high quality three level office building with two levels of basement car parking, constructed in 2002. The main entrance is accessed by a set of stairs with the foyer featuring a large void to the upper levels resulting in a light and spacious arrival within the building. 121 basement car parks plus 6 outside.
Construction generally comprises a steel frame with concrete columns and beams, concrete floors, exterior cladding is a mix of concrete panels and curtain walling with hush-glass to the walls with frontage to the motorway. Building is rated as 163% NBS under an independently assessed Initial Evaluation Procedure (IEP) Seismic Assessment.
The property is located on the western fringe of Auckland’s CBD in Freemans Bay, to the northern side of Wellington Street. Freemans Bay has become a popular fringe commercial CBD location.
In this location, the property is very well positioned in terms of roading infrastructure. The on ramp which provides access to the Northern Motorway runs along the eastern boundary of the property. Access to the southern and north-western motorway is within 500 metres to the north-east. A primary attribute of the specific site position is the extensive prominence and exposure to the adjoining motorway.
The property is zoned Mixed Use under the Auckland Unitary Plan.

