CBD: 16 Car parks + 10 Storage Units + Apartment
113/85, Customs Street West, City Centre, Auckland City
- Proposed Usage
- Floor Area
- 40.00 m²
- Property ID
- 16 secure basement parking spaces + 10 storage lockers leased to multiple tenants
- 40sqm studio apartment (approx) managed by Accor, the worlds largest hotel operator
- Hassle free investment with onsite building manager and 24/7 Concierge
- Alternative uses include: Air BnB, corporate rental, owner occupy (on 6 months notice)
A rare investment opportunity to buy a block of car parks, located in the heart of Aucklands Viaduct Harbour - the CBDs premier entertainment precinct! In this waterfront position, within an easy walk to all the pleasures and conveniences Central Auckland has to offer, the property is set to see continued growth driven by strong tourism, a shortage of hotel rooms and extensive development in the surrounding area.
Comprising 16 secure basement car spaces, 10 storage lockers and a fully furnished studio apartment at the 4.5 star Sebel Viaduct Hotel, managed by Accor under a hotel operators lease. The car parks and storage lockers are managed separately and are fully leased to longstanding local tenants.
Sit back and enjoy the cash flow, alternatively it is possible to exit the management agreement with 6 months notice, opening up other high yielding investment opportunities or the ability to occupy. Dont be fooled by the leasehold nature of this property, this proven performer has a strong track record and will continue to be supported by the booming tourism sector, CBD parking restrictions and the quality waterfront location...not to mention a future Americas Cup event.