- Superbly presented and popular Korean Bar and Restaurant
- Fixed rental growth with rental bond
- Well known Chancery location
- Returning $102,000 pa + GST and Outgoings
This ground floor property forms part of the extensive hospitality and retail preceinct within Chancery Square and surrounding streets of the Auckland CBD.
This area has recently undergone a revival with prominent tenants looking to position themselves in the area.
Fixed annual increases and a rental bond provide investors with continued income growth and a form of security.
A unique investment opportunity in the heart of Auckland CBD.
Please Note: The lease provides for fixed annual net rental increases to $82,000 in November 2017, and $102,000 in November 2018. The tenant is currently paying $92,000pa plus GST and Outgoings, i.e. $7,667 per month. Upon settlement, the Vendor will underwrite the annual rental amount of $102,000pa plus GST and Outgoings until November 2018 when the tenants rent increase.
For more information please see http://www.propertyfiles.co.nz/property/1901664
7 Bacons Lane, Auckland CentralOpen in map