Property listing ID: 4119628
This Freehold unit is fitted for a fully licensed hospitality restaurant, and is located on the ground floor in the centre of Chancery Square. It features three access points from Chancery Street, Courthouse Lane, Bacons Lane, and Kitchener Street. The location benefits from high foot traffic from High Street, Queen Street, and is within easy reach of Auckland University. The current tenant has been operating their business from this location since 2019. The lease was recently renewed for a six-year term starting 1 July 2025, and will expire on 30 June 2031 with no further rights of renewal. The lease provides a personal guarantee in addition to a $120,000 bank guarantee. This presents an excellent opportunity for an investor seeking a secure, long-term investment with future owner-occupier potential. For sale is Unit C103 and Accessory Unit 5. The property has a floor area of approximately 102.7m² and features a main retail restaurant equipped with a commercial kitchen and a private toilet, along with a covered seating area of approximately 53m². There is a common shared toilet amenity within Chancery Square. • Total lettable areas approximately 156m² • Current term expiry 30 June 2031 with no further right of renewal • Current annual rental is $163,200 net + GST For more information or to arrange a viewing, please contact the listing agent.
Listed by Barfoot & Thompson , Agnes Teh (City Commercial)