103 Victoria Street West, City Centre

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149m² Floor Area

HOT CBD INVESTMENT

This property has long been admired for its high profile strategic corner location opposite Sky City and the Convention Centre.

Available for the first time in over 30 years, this attractive two level character building is fully leased and operates as a Mexicali Fresh, the well known Mexican food franchise with 16 locations throughout New Zealand.

There is a six year lease to the franchisor which commenced 4 November 2013 returning $101,414 p.a. plus GST and outgoings.

The Business City Centre zoning allows for more intensive development options in the future, underpinning the long term value in the property.

This is truly a very rare opportunity to secure an affordable investment in a high profile location with upside from an area which is undergoing rapid growth.

KEY FEATURES

First time on the market in over 30 years
High profile strategic corner site opposite Sky City and The Convention Centre
Six year lease from 4 November 2013 returning $101,414 p.a. + GST and outgoings with two rights of renewal for six years each
Fee simple title zoned Business City Centre
Annual rent reviews alternating each year between CPI and market
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