A new three-level luxury department store is set to open on Auckland's Queen Street next year. 

The new store will be located at 131 Queen St and is set to include valet parking and an espresso music bar.

Luxury retailer Faradays is behind the $30 million development. 

Faradays Co-Founder and Chief Executive Eddie von Dadelszen said to Heather du Plessis-Allan, "the building itself, we're inheriting something truly, truly unique ... it's just an amazing historical embrace to do something contemporary and fresh and modern inside."

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