1 Victoria Road, Devonport, North Shore

Iconic Waterfront Investment An Absolute Gem

- Returning a net rental of $381,299pa + GST from multiple tenancies
- Prime waterfront location with unobstructed city views looking directly out to beautiful Auckland Harbour
- Freehold standalone property, an ideal passive investment with add value/development expansion potential

Rarely does a trophy character building such as this become available to the market. This unique building is occupied by two major tenants, Esplanade Hotel, a boutique hotel accommodation comprising 16 hotel suites across 2 storeys, a top floor 2 bedroom selfcontained penthouse suite with sea views plus a separate bar and restaurant/function venue, and Number One Bistro, an established neighbourhood restaurant. Additional rental is provided in the form of telecommunication leases.

This opportunity is prime positioned right on the Waterfront, in the heart of Devonport. The site is an approx. 13 km drive from Auckland CBD, and approx. a 10-15 minute Ferry ride from the Ferry Terminal (adjacent to the property) to Auckland CBD.

This trophy gem is unique to Auckland and most certainty one of its kind!

Please contact your sole agent

James Chan 021 934 054

Matt Lee 021 1515 505

Terry Kim 027 711 446

This property is for sale by way of International Tender
Closes 3 July 2015