Introducing 159 Symonds Street, Eden Terrace – an entry-level retail unit positioned in a sought-after city-fringe location.
Currently home to Gorilla Kitchen, a well-known plant-based hospitality brand, this property offers an affordable investment opportunity. It features a high-quality fit-out owned by the landlord, which not only enhances the space but also supports tenant retention and reduces any vacancy risk. The tenancy occupies the full 120m² (more or less), generating an annual rental of $61,462.77 p.a + GST, with fixed increases of 3.5% annually – the next uplift is scheduled for May 2026 at the Right of Renewal.
Zoned Business – Town Centre, the property is suited to a wide range of future uses, from retail and hospitality to service-based operations, making it adaptable for future occupation or repositioning.
Positioned on busy Symonds Street, a key arterial route into the city, the property also benefits from excellent exposure and accessibility. Eden Terrace is a lively and well-connected city-fringe suburb, just minutes from Auckland’s CBD. It offers excellent transport links, with the City Rail Link nearing completion, and is close to major universities and institutions.
With steady income, built-in rental growth, and a high-profile location, 159 Symonds Street stands out as a smart entry-level investment in Auckland’s dynamic city-fringe market.
Contact the sole agents for further information or to arrange a viewing.
Features:
- Entry-level retail investment
- Passing $61,462.77 p.a + GST with fixed 3.5% annual increases
- Recognised tenant ‘Gorilla Kitchen’
- Landlord owned commercial kitchen
- 70% ISA (August 2025)
- Allocated Parking Spaces
- Located along one of Auckland’s busiest arterials
- Business - Town Centre Zone allowing for a range of business uses
More information: https://www.colliers.co.nz/p-NZL67035671
