SECURE CASH FLOW INVESTMENT
50, Kitchener Street, Auckland City
- Proposed Usage
- Floor Area
- 584.00 m²
- Property ID
Freehold, income generating whole floor.
Level 5, 50 Kitchener Street, Auckland City
Fully leased top shelf investment returning $192,865 net per annum with built in rental growth and strong tenant covenant. The initial 4 year lease has a further 4 year Right of Renewal with a final expiry 31st January 2024.
Overall, this freehold floor is located in a prominent building that sits on the corner of Bacons Lane and Kitchener Street with views to Albert Park. Level 5 has been fully refurbished to a high standard and is leased to one of the leading IBM systems integrators in Australasia.
Modern, low maintenance and secure cash flow. Sit back and passively collect the rent from this multi-national tenant - call us now for more information.