Hidden Jewel on Queen Street

Basement Unit B/239, Queen Street, City Centre, Auckland City

Auction

Proposed Usage
Retail
Description:
Property ID
1c2f9pn

- Large basement unit title CBD investment opportunity
- 600sqm with new quality refurbishment and upgrade
- Brand new eight year lease from March 2018
- Returning net $168,000pa + GST
- Rent increased 2% annually

A distinctive multi-glass facade is a feature of the well-known Mid City Centre, situated in the heart of Auckland CBD. In early 2018, the basement property completed an extensive refurbishment project, upgrading the space to a high standard.

This strong demographic area attracts university students, professionals and tourists. Surrounded by corporate offices, retail, eateries and services.

This is an exceptional opportunity to purchase a solid long term investment with fixed annual rental income increases, located at the heart of Auckland City..

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City Centre Area