For sale by negotiation.
– 97 sqm (approx.) of ground floor commercial/retail.
– Two year lease with a final expiry of 4th July 2023.
– Gross income of $27,884.80pa + gst
– Estimated total opex of $14,860pa + gst.
– One car park.
Unit B, 26 Hobson Street consists of a 97sqm strata titled unit on the ground floor of the building. It has excellent exposure to Hobson Street with access coming through the lobby of the building. Included in the sale is a car park in 23 – 31 Hobson Street directly opposite. The property is currently leased to Immigration Services Limited who entered into a new lease from 5th July 2021 for a straight two year term with no further rights of renewal. This lease profile allows investors or owner occupiers with a lead in time a great opportunity to secure this asset in the heart of Auckland’s CBD.
Whilst the opex for the property are slightly higher than market rates, there is still rental growth in the net rental rate that currently sits at $136per/sqm. The Body Corp is currently investigating cladding issues with the exterior brick masonry which any prospective purchaser should seek independent advise prior to offering on the property.