HOT CBD INVESTMENT

103, Victoria Street West, Auckland City

Tender

Proposed Usage
Retail
Floor Area
149.00 m²
Description:
Property ID
1bz4gz5

This property has long been admired for its high profile strategic corner location opposite Sky City and the Convention Centre.

Available for the first time in over 30 years, this attractive two level character building is fully leased and operates as a Mexicali Fresh, the well known Mexican food franchise with 16 locations throughout New Zealand.

There is a six year lease to the franchisor which commenced 4 November 2013 returning $101,414 p.a. plus GST and outgoings.

The Business City Centre zoning allows for more intensive development options in the future, underpinning the long term value in the property.

This is truly a very rare opportunity to secure an affordable investment in a high profile location with upside from an area which is undergoing rapid growth.

KEY FEATURES
• First time on the market in over 30 years
• High profile strategic corner site opposite Sky City and The Convention Centre
• Six year lease from 4 November 2013 returning $101,414 p.a. + GST and outgoings with two rights of renewal for six years each
• Fee simple title zoned Business City Centre
• Annual rent reviews alternating each year between CPI and market
• Call now for more details

Enquire about this property

Auckland City Area