Brand new 63 apartment tower on 10 year lease

2, Day Street, City Centre, Auckland City

Tender

Proposed Usage
Hotel & Leisure
Floor Area
3255.00 m²
Land Area
315.00 m²
Description:
Property ID
1c3cy2n

Bayleys Real Estate is pleased to offer for Sale by International Tender, 2 Day Street, Auckland Central.

Key Investment Details:

• Brand new freehold apartment tower comprising 63 fully self-contained apartments
• New 10 year lease to award winning tenant
• Returning $840,000 + GST p.a. with fixed increases to $1,080,000 + GST p.a. in October 2020
• Strategic central City position with extensive water and city views
• Provides further flexibility with potential for 63 individual unit titles
• Available for purchase individually or as part of 4 property investment portfolio

2 Day Street comprises a recently constructed 11 level tower of 63 residential apartments. The apartments are a mix of studio, one bedroom and two bedroom units. The property is subject to a 10 year lease to Haka Hotel Limited returning $840,000 + GST p.a. which will increase through fixed rental increases to $1,080,000 + GST p.a. from October 2020. In addition to offering a perfect passive investment by way of a long term lease over the entire building, the property offers the added flexibility of being able to be split into individual freehold unit titles in the future.

The property offers spectacular views of the water, harbour bride and Auckland CBD, along with providing easy access to the CBD as well as being conveniently located to motorways and public transport links.

A very rare opportunity to secure an investment of this scale and quality in a sought after property sector. Don't miss this one.

2 Day Street 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:

Nick Thompson
027 600 4712
nick.thompson@bayleys.co.nz

James Chan
021 934 054
james.chan@bayleys.co.nz

Damien Bullick
022 420 6845
damien.bullick@bayleys.co.nz.

Enquire about this property

City Centre Area