High Yield, Well Leased Commercial Unit, Auckland CBD
An excellent opportunity to secure a well-leased commercial investment in the heart of Auckland CBD, offering strong income, built-in rental growth, and a long-standing tenant.
The property is leased to Bubbles Laundromat, operated by Adventurer Hobson Limited, an established business providing essential laundry services to nearby accommodation providers as well as a busy public laundromat.
The building was built in 2016, the premises benefit from a substantial recent tenant fit-out valued at over $500,000, demonstrating the tenant’s long-term commitment to the location.
- Net rental: $65,000 + GST + Outgoings
- Built-in rental growth: Fixed 3% annual increases plus 3-yearly market rent reviews
- Long lease: 9-year term with one further 9-year right of renewal
- Established tenant: Operating since 2008 with a proven business model
- Modern building: Constructed in 2016
- Significant tenant investment: Recent $500,000+ fit-out
- Hands-off investment: Strong covenant with minimal management required
Lease Details
Tenant: Adventurer Hobson Limited (Bubbles Laundromat)
Lease Term: Nine (9) years
Commencement: 1 July 2025
Rent Reviews: 3-yearly market reviews
Rights of Renewal: One further 9-year term
Net Rental: $65,000 + GST + Outgoings
An attractive investment opportunity offering stable cashflow, built-in rental growth, and a long-standing tenant in a sought-after CBD location.
Contact us today for further information or to arrange an inspection.
