Appointed as Sole Agent by the Vendor, Bayleys Real Estate Limited is pleased to present 9B Victoria Street East, Auckland Central for sale at $990,000 + GST (if any).
This well-located freehold property is currently leased to Charlie’s Tea, a growing international tea brand known for its freshly brewed, high-quality tea drinks made from real tea leaves, fresh milk and natural ingredients, with no artificial additives or creamers. Charlie’s Tea offers an inviting and health-focused beverage experience with a variety of tea bases including black, oolong, jasmine and specialty blends that appeal to modern CBD consumers and tea lovers alike.
Lease Information:
The premises are leased on a 3 + 2 year term commencing 16 May 2024, with net rental obligations as follows:
Year 1: $47,000 + GST per annum net
Year 2: $49,350 + GST per annum net
Year 3: $51,817.50 + GST per annum net
A market rent review is scheduled for 16 May 2027, offering potential upside in rental returns.
The property is strategically positioned within the Auckland CBD, benefiting from proximity to key city attractions, transportation hubs, major commercial activity and amenity rich catchments. The Auckland metropolitan area is New Zealand’s largest and most populous urban centre, with ongoing infrastructure investment such as the City Rail Link expected to further enhance accessibility, connectivity and foot traffic in the city core.
Auckland continues to attract global corporates, professional services and retail operators, underpinned by strong residential growth, a diverse workforce, and a thriving retail and hospitality scene. With the CBD evolving into a vibrant mixed-use environment, properties with secure income streams and strong tenant profiles are increasingly sought after.
Excellent Exposure & Profile: Positioned in the heart of Auckland Central with high day-to-night patronage and foot traffic.
Prime Freehold Opportunity: Affordable freehold asset rarely available in such a strategic location, with anticipated growth upon completion of the City Rail Link project.
Strong Tenant Covenant: Charlie’s Tea brings an established beverage brand that resonates with local and international consumers, adding robust income security.
High CBD Catchment: Large residential and workforce populations within walking distance, supported by ongoing urban renewal and population growth.
9B Victoria Street East represents an outstanding opportunity for owner-occupiers to realise their entrepreneurial vision, or for savvy investors to secure a stable, long-term income-producing asset in one of Auckland’s most dynamic commercial precincts.
Don’t miss out on this rare and fabulous opportunity!
