K Road character investment - 100% IEP
375, Karangahape Road, City Centre, Auckland City
- Proposed Usage
- Floor Area
- 543.85 m²
- Land Area
- 224.00 m²
- Property ID
Bayleys Real Estate is pleased to offer for Sale by International Tender, 375 Karangahape Road, Auckland Central.
Key Investment Details:
â¢ Seismically strengthened character investment property
â¢ Fully leased to multiple tenants, returning $232,600 + GST p.a.
â¢ Strategic central City position in heart of K' Road entertainment precinct
â¢ Available for purchase individually or as part of 4 property investment portfolio
375 Karangahape Road comprises a three level character commercial investment property, located in a high profile corner position on Karangahape Road in Auckland Central. The building has been extensively refurbished and seismically strengthened and is now occupied by a total of 4 tenants, including an award winning Italian Restaurant (Cotto) on the ground level, a popular bar and live music venue (basement level) and character commercial office accommodation on level one.
The property benefits from character features throughout with high stud heights, exposed ceilings and services and occupies an elevated corner position which offers extensive views back towards Auckland City and the harbour.
The property is fully leased and returning a total of $232,600 + GST p.a. (including income from signage leases) providing the new owner with a diversified income stream, which along with this sought after location should ensure this investment continues to flourish.
375 Karangahape Road is available for purchase individually, or as part of a 4 property investment portfolio, details of which can be found at: www.bayleys.co.nz/1686639
For further information, please contact the below Sole Agents:
027 600 4712
021 934 054
022 420 6845