Listing #:1423960653

9 Year Lease - Soul Bar as Tenant

Location: 5/85-93 Customs Street West, City Centre, Auckland City, Auckland
Property use: Industrial
Floor area: 628m2
Price: Price by negotiatio­n
- Outstanding investment with Soul Bar as tenant on 9 years lease
- Strategic position for the next America's Cup
- Current lease extended plus further rights of renewal
- Strong cash flow with rent reviews to CPI plus fixed increases
- All outgoings including ground rent paid by tenant
- Net rental $437,500 pa + GST


The subject investment property is located in the Viaduct Harbour Basin, Auckland's premier entertainment precinct and the tenant, Soul Bar and Bistro Limited, is an iconic institution, well known as one of Auckland's most popular restaurants.

The long term future of this investment is underpinned by the extension of the current lease plus rights of renewal through to December 2038 (if both rights exercised).

This offering provides the astute investor the opportunity to invest in Auckland's waterfront Viaduct Harbour Basin strategically positioned for the next America's Cup.

For sale by Negotiation.

Agency reference #: 1684018
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Price by negotiation
5/85-93 Customs Street West, City Centre, Auckland City, Auckland
Price by negotiation
Listed: Fri 22 Sep, 9:50 am
Chris Bayley
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 3758468
  •  (021) 899863

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Agent's details

Chris Bayley
  •  (09) 3758468
  •  (021) 899863
Bill Lissington
  •  (09) 3096020
  •  (021) 358208
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
(0800) 2295397
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