51A Hobson Street, Auckland International Tenant on a Renewed 6-Year Lease

Available PropertyFiles:

  • /Body Corporate Documents/
    • Body Corporate Documents.zip
  • /Lease Documents/
    • Deed of Lease (2018).pdf
    • Deed of Renewal and Rent Reveiw (2024).pdf
    • RENT SUMMARY SARAVANA .pdf
  • /PropertyFiles/
    • Body Corporate Documents.zip
  • /Record of Title/
    • CT.pdf
    • Easement 3236840-1.pdf
  • /Sale and Purchase Agreement/
    • Sale and Purchase Agreement (approved).pdf

Property Description

Key features:
•Tenanted by Saravanaa Bhavan - a global Indian restaurant generating a net rental of $195,320pa + GST
•Renewed 6 year lease from April 2024 with strong lease covenants, including a market rent review every 2 years
•Floor area 328sqm (more or less) plus dedicated car parks
•Strategically positioned just off the busy intersection of Hobson Street and Victoria Street West, a short distance from the Sky Tower, SkyCity and the upcoming SkyCity International Convention Centre

Offered to the market is a secure passive investment opportunity. Returning $195,320pa + GST net on a renewed 6 year lease from 2024, this freehold property has been tenanted by Saravanaa Bhavan since 2018. Saravanaa Bhavan is a well-regarded international Indian vegetarian restaurant founded in 1981 with 81 restaurants globally across 25 different countries. This prominent ground floor unit benefits from extensive wide frontage along Hobson Street, receiving excellent pedestrian and vehicle traffic.

Located just off the busy intersection of Hobson Street and Victoria Street West, the property benefits from its excellent location and convenient accessibility. Situated approx. 150m from the property is the Sky Tower, with SkyCity and SkyCity's upcoming International Convention Centre positioned just over 200m away. Surrounded by a diverse range of key amenities, this location offers long-term security.

A rare chance to secure an international restaurant tenant on a long term lease - enquire now for further information.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.