Lorne street retail + billboard income potential
• Prime Lorne Street location with Queen Street address
• Strong pedestrian exposure and excellent accessibility
• Leased to well-known Chinese restaurant Best Chef
• Secure lease expiring 30 November 2029
• Potential additional income from rooftop billboard signage
In addition to the secure rental income from the ground floor tenancy, investors may benefit from the opportunity to generate supplementary advertising income from the prominent Queen Street facing billboard. Positioned on a high-rise building in the heart of Auckland CBD, the billboard enjoys outstanding visibility and offers attractive future income potential, subject to the relevant agreements and regulatory requirements.
With a proven tenant, strategic positioning, and limited availability of quality CBD retail investments, this property represents an outstanding opportunity to acquire a secure income-producing asset with potential for future revenue growth.
• Strong pedestrian exposure and excellent accessibility
• Leased to well-known Chinese restaurant Best Chef
• Secure lease expiring 30 November 2029
• Potential additional income from rooftop billboard signage
In addition to the secure rental income from the ground floor tenancy, investors may benefit from the opportunity to generate supplementary advertising income from the prominent Queen Street facing billboard. Positioned on a high-rise building in the heart of Auckland CBD, the billboard enjoys outstanding visibility and offers attractive future income potential, subject to the relevant agreements and regulatory requirements.
With a proven tenant, strategic positioning, and limited availability of quality CBD retail investments, this property represents an outstanding opportunity to acquire a secure income-producing asset with potential for future revenue growth.
Key features
Floor area details
95sqm ( approximately)
Lease
Five years lease from Dec 2024
Passing income
$86,739pa + GST and outgoings
Location
Prime Lorne Street location with Queen Street address
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