Multi-tenanted freehold investment property with 23 basement car parks

Fully leased and returning $270,841 + GST p.a.

Anchor tenant has just renewed for a further 6 years

Secure this attractive cash flow and explore potential future residential conversion

51F Hobson Street is a fully leased investment returning $270,841 + GST p.a. net. The property is occupied by three established tenants. One of the key strengths of this investment is the plentiful car parking, with 23 secure basement car parks being included with the property.

The property is located in a profile position within Auckland's Central Business District. It offers handy access to motorways and is within easy walking distance to Queen Street, the Viaduct and Britomart.

In summary, a high yield CBD investment opportunity with diversified cashflow and potential redevelopment upside in the future.