Listing #:1708390194

PRIZED CBD INVESTMENT

Location: 268 Karangahap­e Road, City Centre, Auckland City, Auckland
Property use: Office
Floor area: 383-383m2
Land area: 164m2
Price: Price by negotiatio­n
268 Karangahape Road is a three-level commercial structure erected in the 1930’s with a total gross floor area of 383.5m² comprised of a 105.5m² basement level, 91.3m² ground floor and a 113.1m² top floor apartment all located on a 164m² freehold site.

Located on the most favoured stretch of Karangahape Road, 268 Karangahape Road offers itself as a fantastic Investment with three income streams to proven tenants/operators.

Tenants

Ink Bar: For 17 years Ink Bar has served as Auckland’s ‘go-to’ club for underground house and techno music, good people and great times.

Prans Soul Food: Delicious vegetarian/Vegan Hare Krishna food. This is a family run business with people who know how to cook. The food is fresh and is served quickly. The Restaurant has a loyal customer base and is perfectly positioned to serve the Karangahape Road patrons.

Apartment: Split into five recently renovated bedrooms for short term stay. Is run by one point of contact. 

Call the sole agents now for more information!
Features:
* Multi-tenanted presenting a split-risk investment
* Net Return of $169,092 p.a.
* Stand-alone freehold estate
* Long serving tenants
* Vibrant central city location
* City Centre zone
* NBS: C Grade Independent Report (Non earthquake prone)

Agency reference #: 209203
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Price by negotiation
268 Karangahape Road, City Centre, Auckland City, Auckland
Price by negotiation
Listed: Mon 23 Jul, 2:29 pm
Jonathan Lynch
Colliers International, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 3589892
  •  (021) 900611

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Agent's details

Jonathan Lynch
  •  (09) 3589892
  •  (021) 900611
Adam White
  •  (09) 3589874
  •  (021) 0468249
Colliers International, Licensed Agent (REAA 2008)
(09) 3581888
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