Listed: Thu, 14 May

HOSPITALITY WITH FLEXIBILITY

17B Wakefield Street, City Centre, Auckland City, Auckland

Asking price $400,000 + GST (if any)

24m² Floor

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

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!