SUPERIOR BOTTOM DRAWER INVESTMENT

375, Karangahape Road, Auckland City

By Negotiation

Proposed Usage
Retail
Floor Area
543.00 m²
Description:
Property ID
1c6cz43

Award winning Cotto anchors this prestigious standalone Freehold investment on a long term 10 year lease with two rights of renewal of 10 years each. Additional office and advertising income streams create a substantial and diversified cash flow totalling $269,340 net per annum plus GST.

Emerging from a colourful past, the Karangahape Road precinct is in the midst of a massive regeneration driven by an increase of residencies, improved retail offerings and predicted pedestrian counts from the CRL station on Mercury Lane and East Street.

With the underlying Freehold land zoned City Centre with a 27 metre height limit, this is a superior bottom drawer investment with future development upside in a strong and emerging CBD location that's not to be missed!

• Long-term leases underpinned by strong covenants
• Fixed 3% annual increases on anchor tenant
• Fully restored three level 543m² standalone building
• City Centre Zone with 27 metre height limit
• Returning $269,340 net per annum + GST
• 100% NBS Grade 'A' earthquake report
• Strategic proximity to new CRL station
• WALT over seven years

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Auckland City Area