• Four fully leased freehold units on separate titles + secure carparking
• Prime City positioning opposite the new Karanga-a-Hape Station
• Enjoys a net rental income of $119,314.51 from three tenancies
• Strategically positioned leased investment, sit back and enjoy the rental income
Units G01-G03 & G05, 70 Pitt Street, Auckland City comprise four freehold retail units occupied by three retail tenants. Each on its own title totalling 278.46sqm (approximately) plus four secure carparks.
Well-presented and in a high-profile position the properties enjoy high foot traffic from the surrounding businesses and residential apartments. Subway restaurant have been in occupation since 2014 on a 6+6+6 lease term. The balance is occupied by a convenience store and specialty continental supermarket on substantial lease terms.
The subject properties form part of The Chatham Apartment building which comprises three levels of basement carparking, ground level retail and 11 levels of residential apartments. The Chatham Apartments feature a restored Edwardian-era facade from around 1900 combined with modern residential development and was upgraded in 2009. Extremely well located opposite the new Karanga-a Hape Station and within easy walking distance of Queen Street and the wider city centre.
A rare multi-tenanted leased opportunity in the central city.
