Asking Price $820,000 + GST (if any)
Introducing 159 Symonds Street, Eden Terrace – an exceptional entry-level retail investment in a highly sought-after city-fringe location.
This property presents an affordable and secure opportunity, featuring a quality landlord-owned fit-out that supports tenant retention, and minimises future vacancy risk. The tenancy occupies 120m² (more or less) and returns $61,462.77 p.a + GST, with fixed annual increases of 3.5%. The next uplift is due in May 2026 at the Right of Renewal, where the tenant has confirmed they will exercise a further 4-year term.
Zoned Business – Town Centre, the property caters to a wide range of uses including retail, hospitality, and service-based operations, providing long-term flexibility for tenants, future occupation or repositioning.
Positioned on busy Symonds Street, a key arterial route into the CBD, the property enjoys excellent visibility and accessibility. Eden Terrace is a vibrant, well-connected suburb just minutes from central Auckland, offering strong transport links with the City Rail Link nearing completion, and close proximity to major universities and institutions.
With stable income, built-in rental growth, and a high-profile location, 159 Symonds Street represents a smart and strategic entry-level investment in Auckland’s sought-after city-fringe market.
Contact the sole agents for further information or to arrange a viewing.
Features:
* Entry-level retail investment
* Passing $61,462.77 p.a + GST with fixed 3.5% annual increases
* Recognised tenant ‘Gorilla Kitchen’
* Landlord owned commercial kitchen
* 70% ISA (August 2025)
* Allocated Parking Spaces
* Located along one of Auckland’s busiest arterials
* Business - Town Centre Zone allowing for a range of business uses
