CBD INVESTMENT

55, Customs Street East, Auckland City

Tender

Proposed Usage
Retail
Floor Area
656.00 m²
Description:
Property ID
1btxwk3

This high quality trophy property consists of a highly visible 656m² building on the ever improving Customs Street thoroughfare. The position, 150 metres east of Queen Street, enjoys the benefits of substantial foot traffic from Britomart train station and quality retail offerings, office workers and both cruise ship and hotel patrons. The area is on the improve with four large scale developments planned nearby.

The three level building has recently undergone substantial upgrade bringing the earthquake rating to 75% of New Building Standard. Leased to a single hospitality tenant long term the lease includes both CPI (2018) and market (2020) rent reviews throughout the term providing strong prospects for rental growth in this ever improving location.

55 Customs Street offers sound investment fundamentals with a sought after CBD address, with future potential not to be overlooked.

Investment highlights include:
• Highly visible 656m² building
• Massive exposure to vehicle and foot traffic
• Located near Britomart, ferry terminal hotels, large scale office building
• Long term lease to successful established business
• Both CPI (2018) and Market (2020) rent reviews
• Improving location with several new developments planned
• Refurbished and strengthened (75% NBS) building

Contact now for further information.

Enquire about this property

Auckland City Area