Prime Freemans Bay Investment
3, College Hill, Freemans Bay, Auckland City
- Proposed Usage
- Floor Area
- 672.00 m²
- Land Area
- 275.00 m²
- Auction Date
- 11:00 - Aug 02, 2017
- Property ID
- High profile freehold standalone investment in sought after Freemans Bay
- Fully leased with attractive long-term leases and built in annual rental growth
- Currently returns $143,338 + GST p.a. increasing to $151,405 + GST p.a. in November 2017
- A beautifully presented mixed-use standalone not to be missed
Investment opportunities in Freemans Bay, particularly ones of this calibre, are tightly held. Be sure not to miss this one!
Sit back and enjoy the cashflow this bottom drawer investment provides. Its high profile ground floor is home to a well-established retail tenant with its current lease expiry in November 2023 and rights of renewal to follow. It is leased to Boardertown, a well-known retailer of skate, snow and streetwear. The tenancy features a mix of polished wooden and concrete floors as well as direct access to the basement carpark, which is currently utilised as a customer car park as well as an additional storage and workroom space for Boardertown. The tenant also has locations throughout the country with others in the Botany Town Centre and Queenstown.
One to One Hundred Limited leases upstairs until August 2024 with rights of renewal to follow. The tenancy is simply beautifully presented stunning office. This space, of approximately 250sqm, is predominately open plan with polished wooden floors, a high stud pitch roof with exposed wooden trusses, multiple skylights to ensure an abundance of natural light floods the tenancy as well as an island kitchen complete with an oven and stovetop perfect for entertaining staff and clients. Completing this office tenancy is a mixture of small meeting rooms, a large boardroom as well as a private bathroom and shower facility. One to One Hundred is an international award-winning architectural visualisation firm with 13 years experience
All leases feature personal guarantees plus built in fixed rental increases. Call now for full information and to arrange an inspection of this stunning property.