AWARD WINNING RESTAURANT TENANT - THE ENGINE ROOM
115, Queen Street, Northcote, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 290.00 m²
- Land Area
- 503.00 m²
- Property ID
Enquire about this property
This mouth-watering investment is an opportunity to acquire a stunning and tastefully refurbished character building with a prestigious, award-winning Auckland dining institution as your tenant.
You have most likely enjoyed eating at The Engine Room - now is your chance to be part of its future, with this rare opportunity to purchase the land and buildings!
The Engine Room, committed to the site and successfully occupying since 2006, has signed a new 6 year lease from October 2018, with further rights of renewals.
This sensational trophy investment, returning $129,092 pa net, sits on a 503sqm freehold title on a high-profile corner in Queen St, Northcote Point.
Built in 1929, the former post office building has been sensitively refurbished and extended by award-winning architects Fearon Hay, who are renowned for their sympathetic work on historic Auckland buildings.
Business Neighbourhood Centre zoning allows for future redevelopment of up to 11m in height.
The Engine Room is a highly acclaimed casual eatery that has won numerous awards, and consistently features in Metro magazine’s annual list of top Auckland restaurants. Take advantage of this superb tenant covenant with favourable lease terms and market rental reviews.
Character investments of this calibre are scarce. Call now to view this delicious investment opportunity!