215 Symonds Street, Eden Terrace, Auckland

High Profile Investment - New 10 Year Lease

• High profile CBD fringe investment opportunity
• Established tenant has just taken a new 10 year lease
• Returning $230,000 + GST p.a. with built in rental growth
• Strategic corner position in key growth location

Following a recent refurbishment, the Iconic Edinburgh Castle is available for purchase. The property consists of a hospitality venue and 18 room residential accommodation facility, which sits proudly on a high profile corner position in the sought after City Fringe suburb, Eden Terrace.
The established and proven operator has shown their commitment to this location by taking a new 10 year lease, making this a must view for all investors looking for a long term cash flow and growth location.
Consideration must also be given to the future zoning upside, which increases to 18 metres under the Proposed Auckland Unitary Plan.
Call now for further information.