Freemans Bay fully leased corner retail unit

20, Centre Street, City Centre, Auckland City

Auction

Proposed Usage
Retail
Description:
Property ID
1btykpx

- Corner positioned freehold strata unit comprising approximately 247 sqm of ground floor retail
- Split risk investment within this sought-after investment hotspot, Victoria Quarter Precinct
- Fully tenanted by established Turko cafe eatery and international homeware showroom tenant, Zimba Designs

Freemans Bay is an extremely desirable and sought after location which is evident in the increasing number of new commercial and residential developments flooding the area including the recently completed Swiss-Belsuites hotel.

This freehold investment comprises two individually tenanted units generating a good cashflow of $100,000 pa. + GST

The neighbouring streets are bustling with a wide variety of hospitality tenants, corporate occupiers and boutique retailers. Within walking distance to the CBD and easy access to the motorway system, the location has given the current tenants a strong platform with unlimited potential to grow their respective businesses.
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City Centre Area