Secure a tightly held, low-maintenance retail investment in the heart of Ponsonby, one of Auckland's most sought-after hospitality and lifestyle destinations.
Leased to Khu Khu Eatery, an established hospitality tenant with a proven trading history at this high-profile location, the property delivers passive income with exceptional security. A secure long-term income profile with two four-year renewals provides income certainty, with fixed 3% annual increases.
KEY FEATURES:
• Leased to Khu Khu Eatery, a well-known and popular vegan restaurant
• Floor area approximately 63m²
• Food and beverage fitout with licensed bar
• Two car parks
• Final expiry (if all renewals exercised) 30 September 2034
• Annual rent - $62,424 plus GST
• 3% fixed annual increases
• Bank guarantee and personal guarantee
For more information or to arrange a viewing, please contact the listing agent.
See this listing on Barfoot & Thompson
