CBD investment with attractive yield

B/1, Hobson Street, City Centre, Auckland City

Price On Application

Proposed Usage
Retail
Floor Area
320.00 m²
Description:
Property ID
1c67zcs

• Freehold affordable CBD retail/hospitality investment
• New six year lease from July 2018 plus further right of renewal
• Returning $75,000pa plus GST and outgoings
• Part of the Grand Chancellor hotel complex

Built in the early 2000s, this ground floor freehold unit forms part of a residential and hotel (Grand Chancellor) complex positioned on the corner of Hobson and Fanshawe Streets in the heart of the Auckland CBD. Comprising a well presented retail/hospitality tenancy of approximately 248sqm plus an outdoor area of 75sqm (approx.), the property is currently tenanted to a Japanese Restaurant - 'Dining You' committing to a six year lease offering long term stability for investors.

With its prominent location and vibrant Viaduct Harbour being a mere two minute walk offering an abundance of retail and hospitality destinations, this is a unique investment opportunity for investors to sit back, enjoy the attractive return and watch this CBD location continue to grow.

Contact the SOLE Agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Millie Liang
021 968 128
millie.liang@bayleys.co.nz

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Enquire about this property

City Centre Area