Shop 5, 6a, 6b/396 Queen Street, City Centre, Auckland City, Auckland

An exceptional opportunity to secure two premium freehold strata retail assets in one of Auckland CBD’s most sought-after locations. Situated within the prestigious 396 Queen Street complex, directly beneath the Four Points by Sheraton Hotel and adjacent to Scenic Hotel, these properties offer secure, long-term leaseback opportunities and prime Queen Street exposure.

Perfect for investors seeking hands-free, high-yield CBD assets, or owner-occupiers wanting to customise fit-outs to their requirements

Asset Overview

Property 1: Shop 5 Design Led Laundromat 6.5% Net Yield

A proposed, design led laundromat tenancy with a 25-year leaseback potential, delivering:

$75,000 + outgoings + GST p.a. (net)

Investment Highlights

· Net yield: 6.5%

· Lease term: 25 years (5 + 5 + 5 + 5 + 5)

· Rent reviews: Annual CPI + market every 5 years

· Lease type: Fully net lease, minimal management

· Fit-out: Proposed contemporary design, to be built by the vendor prior to settlement

· Location strength: Direct Queen Street exposure, consistent foot traffic from residents, hotel guests, tourists, and office workers

This is an opportunity to create a premium, design led laundromat in a high-visibility CBD location.

Property 2: Shops 6A & 6B, Dual Tenancy Freehold Title 6.5% Net Yield

Two proposed retail tenancies under a single freehold title — a Luxury Massage & Wellness Studio and a Premium Cafe, delivering combined net income of: $62,000 + outgoings + GST p.a. (net)

Investment Highlights

· Two tenancies on a single freehold title

· Net yield: 6.5%

· Lease terms: 25 years each (5 + 5 + 5 + 5 + 5)

· Rent reviews: Annual CPI + market every 5 years

· Fit-outs: Proposed, to be built by the vendor prior to settlement

· Leaseback structure: Option to secure long-term tenant income

Tenancy Breakdown

1. Luxury Massage & Wellness Studio

· Rent: $38,000 + outgoings + GST p.a.

· Proposed high end wellness fit-out with neutral tones, marble-look flooring, and timber finishes

· Designed for privacy, calm, and long term retention

1. Premium Cafe

· Rent: $24,000 + outgoings + GST p.a.

· Proposed modern café fit out with terrazzo counters, brass accents, and custom timber joinery

· Exceptional Queen Street exposure to hotel guests, tourists, and CBD residents

Prime Queen Street Location:

· Directly beneath major hotels: Four Points by Sheraton & Scenic Hotel

· Continuous pedestrian traffic from residents, tourists, and professionals

· Surrounded by top tier retail, hospitality, and corporate operators

· Strong demand drivers supporting long term rental performance

Opportunity Summary

· Dual freehold titles with three proposed high spec retail tenancies

· Hands free, high yielding CBD investment

· Long-term leaseback potential with 25 year terms

· Design led fit outs delivered by vendor prior to settlement

· 6.5% net yield across all tenancies

Ideal for investors seeking a low maintenance, premium CBD asset, or owner occupiers wishing to customise fit outs to their brand.