18 Drake Street, Auckland Central, Auckland

Stunning character building on Drake Street

• Spectacular standalone character investment property
• Five-year lease returning $59,757.50 + GST p.a.
• Unbeatable location in one of Auckland's most sought-after precincts
• A once in a generation opportunity

This sensational character investment presents a hands-off investment opportunity in an affordable price bracket.

The single level warehouse conversion has been tastefully refurbished and upgraded to provide a highly attractive open plan working environment, embracing the original character features throughout. The property is fully leased on a 5-year term to Goodhood Hair, returning $59,757.50 + GST p.a. with fixed growth throughout the lease.

The location is second to none, in a tightly held and sought-after mixed-use enclave, metres from Auckland CBD, Victoria Park and the Viaduct. The surrounding area is home to numerous cafes, bars and restaurants, along with an eclectic mix of original and modern commercial buildings.

Character investments of this calibre are scarce, particularly standalone in this price bracket. Don't miss this once in a generation opportunity.

Call the sole agents now for further information:

Alan Haydock
021 532 121

Damien Bullick
022 420 6845

Jack Kiely
021 124 3730