167 Victoria Street West, Auckland Central, Auckland

Telecom Place - Building C

Investment Highlights\n\nA-Grade, Freehold buildings for sale (Building C)\nBuilding 100% leased to Telecom New Zealand for 10 years\n5 Green Star rated building completed in 2010\nVendor providing a full 10 year defects and capital expenditure warranty i.e. guaranteed no irrecoverable outgoings for the period to 31 May 2024\nGlobally saleable commercial assets, of the highest quality\nThis is the ultimate passive investment\n\nTelecom Place is one of the most modern and highly specified building complexes in New Zealand, with architecture by Architectus and interior design by Warren and Mahoney/Geyer. These buildings have won architectural awards and feature the latest, and greatest, when it comes to building services and technology.\n\nTelecom Place is situated in a prime position on Victoria Street West, on the progressive western side of the Auckland CBD. This area, known as the Victoria Quarter, is within easy reach of the major public transport links, vibrant city centre, and popular Victoria Park. The complex features four buildings with a common central atrium and courtyard, with high quality amenities on-site and nearby, including cafes, restaurants and Les Mills gym.\n\nTenancy Details:\n\n10 year leases to Telecom New Zealand Limited\nCurrent term expires 31 May 2024, with 2 x 6 year rights of renewal\nFixed annual rental escalations of 3% p.a. with next increase due 1 November 2014\nAt 10 years, these two buildings provide some of the longest WALTs in the market.\n\nView online at www.telecomplace.co.nz\n\nContact\n\nPaul Hain\n021 846 847\n\nMike Bayley\n021 670 101\n\nJohn Binning\n021 944 442\n