Amidst the vibrant streets of Auckland’s eclectic suburb of Ponsonby, stands a historic treasure—a building that has witnessed the transformation of time and culture. The former Ponsonby Post Office, located on the corner of Ponsonby Road and College Hill, has now become available for sale. This iconic landmark, recently voted as one of the world’s coolest suburbs, presents a unique opportunity for those seeking to own a piece of Auckland’s rich history.
Considered a jewel in Auckland’s crown, this architectural masterpiece showcases elaborate Neo-Baroque ornamentation. Its prominent elevated site offers breathtaking views and adds to its architectural significance. Listing agents JLL describe it as an exceptional investment opportunity, boasting full occupancy and a robust tenant covenant. With a net rental return of $376,990 per annum, this property promises a premium and hassle-free asset for potential investors.
Built in 1912, the former Ponsonby Post Office holds the prestigious status of a Heritage New Zealand Category 1 historic place. Although the interior has undergone modifications to accommodate Post Office operations, the building largely retains its original charm. Comprising a floor area of 537m² spread over two floors and a 77m² courtyard, it provides ample space for various purposes. Remarkably, the structure has been strengthened up to 100% of new building seismic standards, ensuring its durability for years to come.
Thanks to its special character zoning, the possibilities for this property are extensive. Whether as a dwelling, visitor accommodation, retail space, office, or hospitality venue, its versatile nature captures the imagination. Currently, the former Ponsonby Post Office is home to Hotel Ponsonby and Skin Institute, which add further allure to the building’s charm.
With a rating valuation of $5.2 million in 2021, according to QV, this heritage gem last changed hands for $5 million in June 2016. The deadline treaty for the building’s sale is set for December 6 at 4pm. Don’t miss the chance to own a remarkable piece of Auckland’s cultural landscape—the former Ponsonby Post Office awaits its next custodian.
FAQ
1. What is the historical significance of the former Ponsonby Post Office?
The former Ponsonby Post Office is considered a Heritage New Zealand Category 1 historic place. Built in 1912, it has stood as a witness to the changing landscape of Ponsonby and Auckland for over a century.
2. What is the current use of the building?
Currently, the former Ponsonby Post Office is home to Hotel Ponsonby and Skin Institute. These establishments contribute to the building’s appeal and potential as an investment opportunity.
3. What is the price of the building?
According to its 2021 rating valuation, the former Ponsonby Post Office is valued at $5.2 million. It was last sold for $5 million in June 2016. The sale is being conducted through a deadline treaty, closing on December 6 at 4pm.