Super Yield - CBD Hospitality

Unit, B, 1 Hobson Street, Auckland City

Price On Application

Proposed Usage
Retail
Floor Area
323.00 m²
Description:
Property ID
1c56bgf



Unit B, No.1 Hobson Street is an approx. 323m² NLA unit - 248m² restaurant and 75m² deck/balcony space. Positioned on the Western side of Auckland’s CBD.

The property is situated on the ground floor of a mixed-use residential and hotel complex with prominent street frontage on Hobson Street, wrapping around to Fanshawe Street via a large balcony with views out toward the harbour. The No.1 Hobson complex houses approximately 121 private residential units and 72 hotel rooms and will be a short walk from Commercial Bay Tower (which on completion in 2019, will be Auckland’s tallest commercial building). 

 

Tenancy Details:

* Tenant – Japanese Dining You restaurant - (https://www.facebook.com/japanesediningyou)

* 6-year lease term beginning July 2018 with 6-year Right of Renewal

* Current Net Annual Rent - $70,000 + GST

* Fixed rent review increase to $75,000 + GST applies on 1st July 2019

 

For more information or to view this CBD investment opportunity call sole agents Gawan Bakshi, Matt Plowman or Tony Allsop.

  

Enquire about this property

Auckland City Area