13 High Street, Auckland Central, Auckland

Affordable CBD investment opportunity

• Affordable retail investment on the corner of High Street and Vulcan Lane
• Tenant renews for another four years
• Freehold properties in the CBD are scarce
• Returning $47,754pa plus GST and outgoings with fixed rental growth

Located int he heart of the fashion precinct of Auckland's CBD, the property benefits from its strategic corner positioning amongst a number of both boutique and high end fashion retailers and the CBD's strong cafe and restaurant culture, offering variety to the surrounding commercial sector.

The property is accessible via a staircase leading downstairs to the basement from High Street. The net lettable area is approximately 98sqm split between the retail area and storage/amenities with windows situated near the ceiling offering natural light.

Previously occupied by Vault for over 20 years, the premises is currently tenanted to Parlour Vintage and has been since late 2016. Returning $47,754pa plus GST and outgoings with fixed 2% increase annually, this is an exceptional investment opportunity.

For further information please refer to www.propertyfiles.co.nz/1902331

Call the SOLE agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Kate Kirby
021 469 479
kate.kirby@bayleys.co.nz