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Auckland Central - UNIQUE INVESTMENT OPPORTUNITY
Price | |
Location | Scene 3/30 Beach Road, Auckland Central |
Type | Hotel Motel Leisure |
Land | 8160 m2 |
Listing No # | 4016827 |
Listed | 25/01/2024 |
Views | 24 |
Description
Barfoot & Thompson Commercial are pleased to offer this unique holding, comprising the sub-lessor’s interests of the land encompassing the Scene 3 building and the Countdown Supermarket at Quay Park, Auckland CBD.
The offer comprises a ground rental margin of 2.5% on the apartments, being the difference between the rental payable to the head lessor at 5.0% of land value and that received from the sub-lessees at 5%, being the various unit owners for Scene 3 at 7.5%.
The property interests comprise 167 individual ground lease titles and each title comprises a ground lease for a fixed term of 150 years expiring 1 August 2146 with rent reviews at seven yearly intervals. The current net income is circa $1,097,250, providing a substantial ongoing cash flow.
- Net income circa $1,097,250 per annum
- 150-year lease term expiring 2146
- Seven-year rent reviews
- Unique investment with substantial ongoing cash surplus
- High yield on offer
- Call now for more details
Contact our agents
Barfoot & Thompson Ltd (Licensed: REAA 2008) - City Commercial
AUCKLAND CITY , 1010
Barfoot & Thompson Ltd (Licensed: REAA 2008) - City Commercial
AUCKLAND CITY , 1010