Tenanted Investment. Prime CBD Waterfront ...

Unit 9/145, Quay Street, City Centre, Auckland City

Price On Application

Proposed Usage
Retail
Floor Area
178.00 m²
Description:
Property ID
1bsgl7d

Tenanted Investment. Prime CBD Waterfront Location.

Tenanted Investment with world-class Waterfront location is for sale by Expressions of Interest closing 30th March 2017 (Unless sold prior)

+ Returning $110,000 Net PA
+ 4 year lease through December 2019 with final expiry 2031
+ 2 yearly market rent renewals (ratcheted)
+ Established restaurant tenant - Buffalo Bar & Grill (since 2005)
+ Leasehold title until September 2095 with NO ground rent obligations*
+ Ground rent for the commercial units in the Princes Wharf Development has been prepaid for the whole term through September 2095 - So no ongoing obligations or nasty surprises around Ground Rent hikes. This gives certainty to the tenants and owners and encourages commercial activity in this prestigious Waterfront Development.
* An Information Memorandum and detailed compendium of leasehold documents is available upon request

For Sale by Expressions of Interest closing at 5pm, Thursday, 30th March 2017 (Unless sold prior). Contact the Sole Agent for an information pack.

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City Centre Area