RARE CHANCERY FOOD RETAIL 5-5.5% YIELD

Auckland City

$399,000

Proposed Usage
Retail
Floor Area
22.00 m²
Description:
Property ID
1c1kxcz

Rare opportunity to own this little gem in the heart of Auckland CBD at an affordable price.

3 years lease starting October 2017 with 2 Rights of Renewals of 2 years. Returning $21,000 pa net, $25,000 pa net from 1st January 2019 and $28,000 pa net from 1st January 2020.

Providing 5-5.5 % yield, hard to find in CBD/retail investment, plus your own fixtures including extract system, plumbing gas, built-in work bench, grease converter, etc.

The unit is part of the Chancery Square which offers fashion boutiques, beauty, cafes, and restaurants. It is only 5 minutes walk to Queen Street and handy to motorway access.

For further information and viewing please ring sole agent on 021 780 661 or 09 363 1630

KEY FEATURES
• 22m² retail unit being part of Chancery Square
• Existing food retail with the fixtures and fittings owned by the owners
• Handy to Queen Street, Albert Park and Freyberg Square
• Ideal entry level CBD investment/owner operator

Enquire about this property

Auckland City Area