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Bayleys Real Estate - Auckland Central Commercial, (Licensed: REAA 2008)

Unit D/42 High Street, City Centre

Price by negotiation

Listing Description

Listed: Wed, 21 Aug

Global Brand as Tenant – Dual Income Investment

Unit D/42 High Street, City Centre, Auckland City, Auckland

Price by negotiation

Details

  •   267m² Floor
AttributeValue
Property use
Retail
Agency reference
1697893

Description

  • CBD split-risk freehold retail investment returning net $181,282pa + GST
  • Two shops - tenanted by global brand The Coffee Club (since 2013) and Vapetory
  • Combined floor area 267sqm (more or less) plus one car park
  • Prominent High Street location, a high-exposure ground floor property situated in the Metropolis building
  • Motivated vendor

Unit D, 42 High Street offers the incoming owner the benefit of 2 income streams in a high-profile location. Returning 181,282pa + GST from 2 tenants - The Coffee Club, an international brand with over 400+ cafes globally and who have tenanted the 227sqm premises since 2013, and Vapetory, who tenant the adjacent 40sqm premises and have four stores across Auckland.

Occupying a prized high-exposure position along High Street on the corner of the Metropolis building (which fronts 3 streets in Auckland CBD), the unit benefits from significant pedestrian traffic. Metropolis is one of Auckland's tallest residential buildings, totalling 40 storeys and comprising a mix of retail, apartments and a hotel.

Rarely do prominent retail investments on High Street come onto the market - enquire now for further information.


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Agent's details

Enquire about the property

Bayleys Real Estate - Auckland Central Commercial, (Licensed: REAA 2008)

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