Shop 5, 6a, 6b/396 Queen Street, Auckland Central, Auckland

Premium Dual Freehold Retail

• Two Freehold Titles with Three Proposed High Spec Retail Tenancies.
This portfolio comprises two premium freehold strata titles positioned in one of Auckland CBD's highest-demand corridors. Across these titles are three proposed retail tenancies designed to appeal to strong, service-driven operators. The flexibility of multiple tenancy options enhances rental resilience and diversification of income streams.

• Hands-Free, High-Yielding CBD Investment
The properties are structured to provide a fully net, low-maintenance investment. With tenants responsible for outgoings and minimal day-to-day management required, investors benefit from strong passive income in a blue-chip CBD location with long-term growth fundamentals.

• 25-Year Leaseback Options
Each tenancy offers the ability to secure a long-term 25-year leaseback (5+5+5+5+5), providing stability, predictable cashflow, and reduced leasing risk. This long duration tenancy structure is rare in central-city retail and provides exceptional security for both private and institutional investors.

• Design-Led Fit-Outs Delivered Prior to Settlement
All proposed tenancies will be fully fitted out by the vendor before settlement. These high-spec, design-led interiors ensure that the tenancies are market ready from day one, reduce capital expenditure for incoming purchasers, and help attract higher quality long-term operators.

• 6.5% Net Yield Across All Tenancies
The portfolio delivers an attractive 6.5% net return, significantly above typical CBD retail yields. With structured annual CPI rent reviews and scheduled market reviews, investors gain both strong initial cashflow and built-in income growth.

• Ideal for Passive Investors or Owner-Occupiers
The offering suits a wide range of purchaser profiles from investors seeking a secure, low effort, high performing CBD asset, to owner-occupiers wanting to establish their business in a premium location with the advantage of tailoring their space to match their brand.

Asset Overview

Property 1: Shop 5 Design Led Laundromat 6.5% Net Yield

A proposed, design led laundromat tenancy with a 25-year leaseback potential, delivering:

$75,000 + outgoings + GST p.a. (net)

Investment Highlights

• Net yield: 6.5%

• Lease term: 25 years (5 + 5 + 5 + 5 + 5)

• Rent reviews: Annual CPI + market every 5 years

• Lease type: Fully net lease, minimal management

• Fit-out: Proposed contemporary design, to be built by the vendor prior to settlement

• Location strength: Direct Queen Street exposure, consistent foot traffic from residents, hotel guests, tourists, and office workers

This is an opportunity to create a premium, design led laundromat in a high-visibility CBD location.

Property 2: Shops 6A & 6B, Dual Tenancy Freehold Title 6.5% Net Yield

Two proposed retail tenancies under a single freehold title a Luxury Massage & Wellness Studio and a Premium Cafe, delivering combined net income of: $62,000 + outgoings + GST p.a. (net)

Investment Highlights

• Two tenancies on a single freehold title

• Net yield: 6.5%

• Lease terms: 25 years each (5 + 5 + 5 + 5 + 5)

• Rent reviews: Annual CPI + market every 5 years

• Fit-outs: Proposed, to be built by the vendor prior to settlement

• Leaseback structure: Option to secure long-term tenant income

Tenancy Breakdown

• Luxury Massage & Wellness Studio

• Rent: $38,000 + outgoings + GST p.a.

• Proposed high end wellness fit-out with neutral tones, marble-look flooring, and timber finishes

• Designed for privacy, calm, and long term retention

• Premium Cafe

• Rent: $24,000 + outgoings + GST p.a.

• Proposed modern café fit out with terrazzo counters, brass accents, and custom timber joinery

• Exceptional Queen Street exposure to hotel guests, tourists, and CBD residents

Prime Queen Street Location:

• Directly beneath major hotels: Four Points by Sheraton & Scenic Hotel

• Continuous pedestrian traffic from residents, tourists, and professionals

• Surrounded by top tier retail, hospitality, and corporate operators

• Strong demand drivers supporting long term rental performance

Opportunity Summary

• Dual freehold titles with three proposed high spec retail tenancies

• Hands free, high yielding CBD investment

• Long-term leaseback potential with 25 year terms

• Design led fit outs delivered by vendor prior to settlement

• 6.5% net yield across all tenancies

Ideal for investors seeking a low maintenance, premium CBD asset, or owner occupiers wishing to customise fit outs to their brand.