PRIZED CBD INVESTMENT

268 Karangahape Road, Auckland Central

Investment For Sale

Negotiation    Tenanted Investment
Land Area: 164.00 m2.    Floor Area: 383.50 m2.    

Description

268 Karangahape Road is a three-level commercial structure erected in the 1930’s with a total gross floor area of 383.5m² comprised of a 105.5m² basement level, 91.3m² ground floor and a 113.1m² top floor apartment all located on a 164m² freehold site.

Located on the most favoured stretch of Karangahape Road, 268 Karangahape Road offers itself as a fantastic Investment with three income streams to proven tenants/operators.

Tenants

Ink Bar: For 17 years Ink Bar has served as Auckland’s ‘go-to’ club for underground house and techno music, good people and great times.

Prans Soul Food: Delicious vegetarian/Vegan Hare Krishna food. This is a family run business with people who know how to cook. The food is fresh and is served quickly. The Restaurant has a loyal customer base and is perfectly positioned to serve the Karangahape Road patrons.

Apartment: Split into five recently renovated bedrooms for short term stay. Is run by one point of contact. 

Call the sole agents now for more information!

Features

  • Multi-tenanted presenting a split-risk investment
  • Net Return of $169,092 p.a.
  • Stand-alone freehold estate
  • Long serving tenants
  • Vibrant central city location
  • City Centre zone
  • NBS: C Grade Independent Report (Non earthquake prone)

Map

Open in a new window

Contact the broker

Share This Property
For further details, contact:
Close

Saved Properties

Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.
Close