• Sold
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%
Auckland CBD asset Returning 6%-7%

Unit B, No.1 Hobson Street is an approx. 323m² NLA unit - 248m² restaurant and 75m² deck/balcony space. Positioned on the Western side of Auckland’s CBD.


The property is situated on the ground floor of a mixed-use residential and hotel complex with prominent street frontage on Hobson Street, wrapping around to Fanshawe Street via a large balcony with views out toward the harbour. The No.1 Hobson complex houses approximately 121 private residential units and 72 hotel rooms and will be a short walk from Commercial Bay Tower (which on completion in 2019, will be Auckland’s tallest commercial building). 


 


Tenancy Details:


* Tenant – Japanese Dining You restaurant - (https://www.facebook.com/japanesediningyou)


* 6-year lease term beginning July 2018 with 6-year Right of Renewal


* Current Net Annual Rent - $70,000 + GST


* Fixed rent review increase to $75,000 + GST applies on 1st July 2019


 


For more information or to view this CBD investment opportunity call sole agents Gawan Bakshi, Matt Plowman or Tony Allsop.


  



Ref #: 212525

Property Details

  • 24/06/2019
  • Contact our experts for details on this transaction