PASSIVE INVESTMENT WITH INTERNATIONAL TENANT

27/210-218, Victoria Street West, Auckland City

By Negotiation

Proposed Usage
Office
Floor Area
72.00 m²
Description:
Property ID
1bzpbg8

FOR SALE BY DEADLINE PRIVATE TREATY - CLOSING 2:00PM, WEDNESDAY 18 OCTOBER 2017 AT L3, 50 KITCHENER STREET, CBD (unless sold prior)

Victoria Quarter's Sale Street precinct is undergoing some of the most exciting developments in Auckland City and is arguably one of the most desirable locations to invest in right now. Consequently, get a slice of the action with this entry level investment leased to an international tenant! Four year lease commenced in May 2015, and there's another Right of Renewal for four years taking the lease to May 2023 (if all RORs are exercised).

Returning $26,495 net per annum to a well established tenant with bank guarantees - Passive entry level investments of this calibre are hard to find!

KEY FEATURES
• 4 + 4 lease commenced May 2015
• International tenant with bank guarantee
• Favourable earthquake report at 70% NBS
• Returning $26,495 net per annum (tenant pays all outgoings)
• 72m² freehold unit with conversion upgrade
• CV: $500,000 (July 2014)

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Auckland City Area