9 Year Lease

Unit C103, Chancery Square, City Centre, Auckland City

Price On Application

Proposed Usage
Retail
Floor Area
102.72 m²
Description:
Property ID
1bzmj6p

- Chancery Bistro as tenant
- 9 year Lease from July 2016
- 2% annual rent increases
- Returning $168,300 p.a. plus GST

This ground floor unit occupies a prominent position within this unique Auckland CBD retail and commercial complex known as Chancery Square, adjacent to the Metropolis residential apartment building.

The tenant trading as Chancery Bistro has a nine year lease with a further right of renewal providing a potential tenancy through to June 2031, if the right is exercised.

Fixed annual rent increases and a bank guarantee provide the investor continued rental growth and form of security.

A unique investment opportunity in the heart of Auckland CBD.

For sale by Deadline Private Treaty closing 4pm, Thursday 26th October 2017 (unless sold prior)
Bayleys House, 30 Gaunt Street, Auckland Central.

Enquire about this property

City Centre Area