Everybody knows the iconic Red Elephant restaurant and now here is your opportunity to own the whole building.
The Red Elephant is an iconic, award winning Thai restaurant established in 1988, situated on the ground floor of 195 Khyber Pass Road. Along with the adjacent and very popular Fat Dragon restaurant, these well-known businesses attract customers from far and wide.
The property is situated on a high profile 1,246m² Freehold corner site with rear access from Severn Street, and is in close proximity to the CBD.
The five-level office building provides 75 car parks over two basement levels, ground floor restaurants and two office floors, and is 100% leased generating a net passing income of $626,736 per annum + GST and outgoings.
The property is zoned Business - Mixed Use and has a resource consent to add a further three levels providing future add-value opportunities.
The Auckland Grammar zone location, together with the close proximity to the new University precinct, Auckland Hospital, Auckland Domain and Newmarket, underpin the strength of the location and will ensure its appeal across multiple buyer groups.
KEY FEATURES: • Convenient city fringe location • High profile corner site with rear access from Severn Street • 1,246m² Freehold site zoned Business - Mixed Use • Five-level building containing 2,334m² net lettable area of office, restaurants and 75 car parks • Resource consent to add a further three levels • Net income of $626,736 + GST and outgoings