Premium Leasehold Interest For Sale in Waterfront CBD Location, Auckland- Offers Invited

What a great location - I present to you an ideal investment oppportunity in a highly sought after central, waterfront CBD location.

Offers are invited for this premium leasehold interest with two secure hospitality tenancies in a prominent and unrivalled area. 

• Nett Lettable area is 170 meters square.

• The lease on offer is 100 years from 1999 with 50 years further right of renewal.

• Tenant one - enjoys an 18 year lease from 2009 (6x6x6) and tenant two a 9 year lease from 2010 (3x3x3).

• Tenants pay rent of $96,000 plus GST plus all outgoings.

Business Broker Comments

This is without doubt a unique and excellent opportunity for a prime investment in a high profile, waterfront Auckland city location.

The vendor would also consider various trade opportunities in part exchange for the lease on the land of this strategically located property.

Financials

Financial and supporting information can be accessed now from the download links.  Note that files containing sensitive business information are password protected.

Kate Grooby is the Hospitality Business Broker acting on behalf of the vendor for this business, so call me today to discuss this exciting and unique opportunity. 

Kate Grooby
Hospitality Broker, Auckland North and West.
M: +64 21 261 1442
O: +64 9 446 3490
F: +64 9 446 3495
E: kate@tourismproperties.com
PO Box 32519
Devonport

 Auckland City

Auckland is popularly known as the "City of Sails" because the harbour is often dotted with hundreds of yachts and has more per capita than any other city in the world, with around 135,000 yachts and launches. Viaduct Basin also hosted two America's Cup challenges (2000 Cup and 2003 Cup), and together with Princes Wharf, its cafes, fine restaurants and clubs add to Auckland's vibrant and thriving nightlife.

The Auckland metropolitan area  in the North Island of New Zealand, is the largest and most populous urban area in the country with a population approaching 1.4 million residents, 31 percent of the country's population. Demographic trends indicate that it will continue to grow faster than the rest of the country. Increasingly cosmopolitan, Auckland also has the largest Polynesian population of any city in the world, and has seen many people of Asian ethnicity move there in the last two decades. In Māori Auckland's name is Tāmaki-makau-rau, or the transliterated version of Auckland, Ākarana.

The 2009 Mercer Quality of Living Survey ranked Auckland 4th place in the world on its list, while The Economist's World's Most Livable Cities index of 2010 ranked Auckland in 10th place. In 2008, Auckland was classified as an Alpha-City in the World Cities Study Group’s inventory by Loughborough University, the only one in the country.

Auckland lies between the Hauraki Gulf of the Pacific Ocean to the east, the low Hunua Ranges to the south-east, the Manukau Harbour to the south-west, and the Waitakere Ranges and smaller ranges to the west and north-west. The central part of the urban area occupies a narrow isthmus between the Manukau Harbour on the Tasman Sea and the Waitemata Harbour on the Pacific Ocean. It is one of the few cities in the world to have harbours on two separate major bodies of water

Many Hauraki Gulf islands are part of Auckland City. The islands of the inner gulf include Rangitoto, Motutapu, Browns Island, Motuihe, Rakino, Ponui and Waiheke, while the outer gulf islands include Little Barrier, Great Barrier and the Mokohinau Islands.