AUCKLAND CITYSCOPE, map 28 property 28
Canterbury Arcade
166 - 174 Queen Street, Auckland Central

Canterbury Arcade, several buildings, mostly integrated on the ground floor retail levels (the High Street ground level is Queen Street first floor level). A 9-storey building to 176 Queen Street, a 4-storey building to 166 Queen Street, a 7-storey and a 5-storey building to High Street. The buildings were erected during the period 1906-1914. Refurbished in 1996. Gross floor area 7,540 sqm. Net lettable area 5,723 sqm.
Occupants: Retail Tenants include Isha Sushi, G & N Fashion, Silvas, E-Generation Internet Cafe, Jolt-The Espresso Bar, Worldman, Kate Sylvester, Ttucubokki Cafe, Korean Restaurant, Pat Menzies Shoes, Profile Hairstylists, Revamp Tailors, Star Mart and Travel Memories Souvenirs. Fu Bar in the basement. Office occupants include NE, Moreton Stamps, Travellers Medical & Vaccination Centre, Moreton Stamps, NZFriend.com, Brent Wheeler Ltd, AUSNZ International Education, S.A.I. Clothing alterations, Lekinwala Search Ltd, Milady Styles Ltd, Architecture Brewer Davidson, Coplan Group, Manning & Associates, Moorhead B & M Gibbon, Woodstock Garages. Sheila E McCabe, Ron Mansfield Barristers, Jack Chen, Mills E F and Roberts Allan C.
Leasing: Office space is for lease in March 2004; agent Barfoot & Thompson Commercial. Retail space of 76 sqm is for lease in March 2004; agent Barfoot & Thompson Commercial.
Owner: St John Balanced Property Fund Ltd. St John Balanced Property Fund Ltd represents a syndicate organised by the Ladstone group.
Sales history: Offered for sale by tender in May 1990. Passed in at auction in March 1991 at $6,050,000. Bought from the mortgagee for $5,900,000 at auction in February 1992 by Iron Vinelight Properties Ltd. Bought for $9,000,000 by a Ladstone group company in November 1995. Bought for $15,300,000 in February 1999 by St John Balanced Property Fund Ltd.
Building services: Lifts - Schindler (2 lifts).
Site area: 1,151 sqm.
Title details: All DP 814 and DP 3305, Allot 37 Sec 4 Auckland City. CT 50B/936.


April 15, 2004; NEXT ISSUE: July 15, 2004
©2004 Cityscope Publications Pty Ltd

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