Sound Investment in Eden Cres
A and B/5, Eden Crescent, City Centre, Auckland City
- Proposed Usage
- Floor Area
- 702.00 m²
- Property ID
- Approx. 600 sqm freehold strata units returning $161,000 pa. + GST
- Fully renovated licensed karaoke bar & restaurant trading since 2008
- Sought after CBD location with walking distance to all CBD amenities
- Situated at the street level of one iconic hotel / apartment complex developed in 2006
- Vendor demands sell-down!
The subject investment is allocated on the ground level of Auckland iconic apartment complex - The Quadrant tower which accommodates 366 apartments completed in 2006. This is an established residential area offering close proximity to Queen St, public transport and tertiary institutions. Development along Waterloo Quadrant and Eden Crescent is characterised by premium commercial and residential uses.
Leased to long-established tenant Vmusic, one of the most popular karaoke bars and restaurants in CBD. The tenancy features with a glazed frontage to Eden Crescent and is accessed by a sliding door, a fully refurbished approx. 600 sqm floor plate in 2 titles comprises of 16 luxury karaoke private function rooms, a modern bar, full size commercial kitchen and well-presented foyer complete with hanging chandelier. A Sophisticated fit-out, cosy atmosphere, excellent service and tasty food, completes this great entertainment paradise.
A great opportunity to invest into Auckland fast developing entertainment / leisure market with good demand from tourism and soaring international student intake. .