• Two Freehold Titles with Three Proposed High Spec Retail Tenancies.
This portfolio comprises two premium freehold strata titles positioned in one of Auckland CBD’s highest-demand corridors. Across these titles are three proposed retail tenancies designed to appeal to strong, service-driven operators. The flexibility of multiple tenancy options enhances rental resilience and diversification of income streams.
• Hands-Free, High-Yielding CBD Investment
The properties are structured to provide a fully net, low-maintenance investment. With tenants responsible for outgoings and minimal day-to-day management required, investors benefit from strong passive income in a blue-chip CBD location with long-term growth fundamentals.
• 25-Year Leaseback Options
Each tenancy offers the ability to secure a long-term 25-year leaseback (5+5+5+5+5), providing stability, predictable cashflow, and reduced leasing risk. This long duration tenancy structure is rare in central-city retail and provides exceptional security for both private and institutional investors.
• Design-Led Fit-Outs Delivered Prior to Settlement
All proposed tenancies will be fully fitted out by the vendor before settlement. These high-spec, design-led interiors ensure that the tenancies are market ready from day one, reduce capital expenditure for incoming purchasers, and help attract higher quality long-term operators.
• 6.5% Net Yield Across All Tenancies
The portfolio delivers an attractive 6.5% net return, significantly above typical CBD retail yields. With structured annual CPI rent reviews and scheduled market reviews, investors gain both strong initial cashflow and built-in income growth.
• Ideal for Passive Investors or Owner-Occupiers
The offering suits a wide range of purchaser profiles from investors seeking a secure, low effort, high performing CBD asset, to owner-occupiers wanting to establish their business in a premium location with the advantage of tailoring their space to match their brand.
Asset Overview
Property 1: Shop 5 Design Led Laundromat 6.5% Net Yield
A proposed, design led laundromat tenancy with a 25-year leaseback potential, delivering:
$75,000 + outgoings + GST p.a. (net)
Investment Highlights
• Net yield: 6.5%
• Lease term: 25 years (5 + 5 + 5 + 5 + 5)
• Rent reviews: Annual CPI + market every 5 years
• Lease type: Fully net lease, minimal management
• Fit-out: Proposed contemporary design, to be built by the vendor prior to settlement
• Location strength: Direct Queen Street exposure, consistent foot traffic from residents, hotel guests, tourists, and office workers
This is an opportunity to create a premium, design led laundromat in a high-visibility CBD location.
Property 2: Shops 6A & 6B, Dual Tenancy Freehold Title 6.5% Net Yield
Two proposed retail tenancies under a single freehold title a Luxury Massage & Wellness Studio and a Premium Cafe, delivering combined net income of: $62,000 + outgoings + GST p.a. (net)
Investment Highlights
• Two tenancies on a single freehold title
• Net yield: 6.5%
• Lease terms: 25 years each (5 + 5 + 5 + 5 + 5)
• Rent reviews: Annual CPI + market every 5 years
• Fit-outs: Proposed, to be built by the vendor prior to settlement
• Leaseback structure: Option to secure long-term tenant income
Tenancy Breakdown
• Luxury Massage & Wellness Studio
• Rent: $38,000 + outgoings + GST p.a.
• Proposed high end wellness fit-out with neutral tones, marble-look flooring, and timber finishes
• Designed for privacy, calm, and long term retention
• Premium Cafe
• Rent: $24,000 + outgoings + GST p.a.
• Proposed modern café fit out with terrazzo counters, brass accents, and custom timber joinery
• Exceptional Queen Street exposure to hotel guests, tourists, and CBD residents
Prime Queen Street Location:
• Directly beneath major hotels: Four Points by Sheraton & Scenic Hotel
• Continuous pedestrian traffic from residents, tourists, and professionals
• Surrounded by top tier retail, hospitality, and corporate operators
• Strong demand drivers supporting long term rental performance
Opportunity Summary
• Dual freehold titles with three proposed high spec retail tenancies
• Hands free, high yielding CBD investment
• Long-term leaseback potential with 25 year terms
• Design led fit outs delivered by vendor prior to settlement
• 6.5% net yield across all tenancies
Ideal for investors seeking a low maintenance, premium CBD asset, or owner occupiers wishing to customise fit outs to their brand.
