Property listing ID: 4112680
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.
Listed by Barfoot & Thompson , Justin Lowe (City Commercial)