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Auckland Central

51A Hobson Street, Auckland Central, Auckland

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328sqm Floor area

Realistic vendor demands quick sale


•Tenanted by Saravanaa Bhavan - an international Indian restaurant generating a net rental of $195,320pa + GST
•Renewed 6 year lease from April 2024 with strong lease covenants, including a market rent review every 2 years
•Floor area 328sqm (more or less) plus dedicated car parks
•Strategically positioned just off the busy intersection of Hobson Street and Victoria Street West, a short distance from the Sky Tower, SkyCity and the upcoming SkyCity International Convention Centre

Offered to the market is a secure passive investment opportunity. Returning $195,320pa + GST net on a renewed 6 year lease from 2024, this freehold property has been tenanted by Saravanaa Bhavan since 2018. Saravanaa Bhavan is a well-regarded international Indian vegetarian restaurant founded in 1981 with 81 restaurants globally across 25 different countries. This prominent ground floor unit benefits from extensive wide frontage along Hobson Street, receiving excellent pedestrian and vehicle traffic.

Located just off the busy intersection of Hobson Street and Victoria Street West, the property benefits from its excellent location and convenient accessibility. Situated approx. 150m from the property is the Sky Tower, with SkyCity and SkyCity's upcoming International Convention Centre positioned just over 200m away. Surrounded by a diverse range of key amenities, this location offers long-term security.

Realistic vendor demands and quick sale. Don't miss this blue-chip Auckland CBD opportunity

Asking Price NZ$3,050,000 + GST (if any)
Tony Chaudhary

Tony Chaudhary

Retail, Investment and Industrial Sales

Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Matt Lee

Matt Lee

Commercial, Retail and Investment Sales and Leasing

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
James Chan

James Chan

Director - Asian Markets

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Lease


Renewed 6 year lease from April 2024 with strong lease covenants

Floor area details


Floor area 328sqm (more or less)

Parking


Shared centre car parking

Location


Located just off the busy intersection of Hobson Street and Victoria Street West

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