Modern Freehold Investment with 10 Year Lease

PU7/145, Nelson Street, City Centre, Auckland City

By Negotiation

Proposed Usage
Retail
Floor Area
166.17 m²
Description:
Property ID
1c67zcb

• Brand new freehold commercial investment property
• New 10 year lease returning $86,710 + GST p.a.
• CBD position within the SugarTree Lane Commercial development
• Perfect passive investment opportunity

Grab this opportunity to purchase a modern, hands-off freehold retail unit. The property is fully leased on a 10 year initial lease term to 9 Round Fitness, returning $86,710 + GST p.a. making this a perfect affordable or first time commercial investment opportunity.

The property forms part of the SugarTree development, a newly completed Mixed Use apartment / commercial development which sits proudly in a prime position on Ponsonby Ridge in Auckland CBD. The development will be home to over 2,000 residents, which along with the established surrounding commercial and residential population should ensure this already popular precinct continues to flourish.

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City Centre Area