• 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
