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Listing Description
Listed: Thu, 14 May
HOSPITALITY WITH FLEXIBILITY
17B Wakefield Street, City Centre, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 4004920 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149724213&sellerId=0 |
Description
Highly motivated vendors have moved to Australia and have dropped the price by $100,000 to sell!
This is a commercial property equipped with a kitchen and extraction fully consented with CCC.
A high-quality building built in 2016 in a high-traffic location surrounded by apartments, it's around the corner from Queen Street, IMAX, AUT, various schools, and student accommodation.
The property is currently leased on a yearly basis to provide the best flexibility. The tenant is pleased to stay if you are an investor. If you are an occupier, then the contract finishes at the end of each year, and you can choose to take it back for your own business. The current net rent is approximately $500/week, and operating expenses (OPEX) are approximately $9,000 per annum.
KEY FEATURES:
- Stratum in Freehold title
- Commercial complex built in 2016
- Has extraction installed at the vendor's expense of $50,000
- Turnkey hospitality in a high foot traffic precinct
- CV $580,000, and the vendor is selling $180,000 below the CV
The CBD is constantly evolving, and this location promises long-term growth potential. As the area flourishes, so will your investment and hospitality business.
Don't miss this opportunity to own such an affordable hospitality commercial property in a prime CBD location!