Platinum Partner
Listing Description
Listed: Mon, 11 Aug
RARE CBD INVESTMENT WITH OVER 6% YIELD
22-24B Kitchener Street, City Centre, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 87906 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149712283&sellerId=0 |
Description
Fully leased restaurant returning $65,000 per annum net + GST
- Established hospitality tenant, lease commenced in November 2022 for four years with two further rights of four years. Annual CPI rent review from 1 November 2024, with market rent review on renewals
- Affordable entry-level commercial property, approximately 163m². Includes a commercial kitchen, dining area, serving counter, and storage space
- Motivated vendor wants this sold - they will meet the market
- Adjacent to Albert Park, The University of Auckland, Auckland Art Gallery, and Victoria Street Carpark
Acquiring a piece of Auckland's bustling CBD at this price point is rare. Contact us today to arrange an inspection and secure this promising investment.