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Investment with long lease and built-in growth

160 Hobson Street, Auckland Central

Retail Property
gavel

Auction

Floor area
121m2
Title type
Unit Title
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Auction

Wednesday
11:00am
Bayleys House, 30 Gaunt Street, Auckland Central
11
Mar

Map

Property details

Listing # 16910562 | Listed on 4 February
  • Strong net income with built-in growth
  • Established, long-standing tenant
  • Long lease providing income certainty
  • Prime Auckland CBD location
  • Ideal hands-off investment

Secure a high-quality Auckland CBD investment with strong, reliable income and built-in growth. This property is leased to the well-established Bubbles Laundromat, providing a proven and resilient tenant profile.

The investment delivers a net return of $65,000 per annum, plus outgoings and GST, underpinned by fixed annual rental increases of 3% and market rent reviews every three years, ensuring income keeps pace with the market.

A long-term lease structure of nine years plus a further nine-year right of renewal offers exceptional security and peace of mind for investors seeking stable cashflow and minimal management.

Tenancy Details
Name of Tenant Adventurer Hobson Limited
Term of Lease Nine (9) years
Commencement Date 1st July 2025
Rights of Renewal One (1) of nine (9) years
Net Rental $65,000pa + GST and outgoings

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