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Two city leased investments - Chancery Square

C103/13 Bacons Lane, Auckland Central

Retail Property
dollar

Negotiation

Floor area
103m2
Title type
Unit Title
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Property details

Listing # 1691928 | Listed on 13 April 2022

• Two freehold unit titles to be sold separately

  • Chancery Bistro: Returns $171,666 + GST pa net, with final expiry June 2031
  • Office: 584sqm new six-year lease to established law firm returns $99,125 + GST pa net. Balance of 207sqm currently vacant.

5A, 50 Kitchener Street offers a very well presented freehold commercial office unit of 584sqm. Comprising a full commercial floor part leased to established law firm Wackrow Williams & Davies and returns $99,125 + GST pa net with 3% rent reviews annually. The balance 270sqm of the property is offered vacant. This unit forms part of a six-level office building, offering excellent natural light and an elevated aspect towards Albert Park.

C103, 13 Bacons Lane is home to Chancery Bistro restaurant and cafe and offers a well presented ground level retail premises comprising 103sqm more or less. The property returns $171,666 + GST pa net and enjoys annual rent reviews of 2%. This unit is located in an excellent setting in the centre of Chancery Square with an outlook towards High Street.

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