Listing #:1677771882

CBD investment with attractive yield

Location: City Centre, Auckland City, Auckland
Property use: Retail
Floor area: 282m2
Price: Asking price $1,900,000
* Approx. 282 sqm superbly presented Japanese restaurant on freehold title
* Immaculately refurbished, upgraded and newly renovated
* Well recognized Mid city shopping centre prime positioned in the heart of Queen Street
* Long lease till 2034 with guaranteed rent increase
* Net rental currently $108,000 + GST, from Nov 18 $120,000 + GST , from Nov 20 $132,000 + GST, yearly CPI increase thereafter

This prime investment is leased to a well-presented licensed Japanese restaurant located on first floor in well known Mid City Shopping Center.

Mid City is positioned right in the heart of Auckland CBD with dual access to Queen Street and Elliott Street. It is within a short walking distance to most of the popular tourist destinations in the CBD. The centre is well-known for its wide variety of shops, which attracts a significant level of foot traffic daily. Supplemented by strong neighbouring properties, Mid City is one of Auckland's major Asian-focused retail centres.

This is an exceptional opportunity to purchase a premium investment in prime location with an excellent returning.

For more documents regarding this property, please refer to the following link:
http://www.propertyfiles.co.nz/1685893

Agency reference #: 1685893
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Asking price: $1,900,000
Listed: Mon 25 Jun, 3:55 pm
Millie Liang
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 3758440
  •  (021) 968128

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Agent's details

Millie Liang
  •  (09) 3758440
  •  (021) 968128
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
(0800) 2295397
Log in or register to email the agent.
Expires: Mon 15 Oct, 12:55 pm
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