A high-profile premium investment in Auckland’s fast growing Victoria Quarter is for sale by Barfoot & Thompson Commercial. Salesperson Reese Barragar is marketing Unit G2, 80 Beaumont Street with a deadline of 2pm, June 23 unless the property sells prior.
“This is a secure passive investment in a strong and emerging CBD location,” Barragar says. “Recent years have seen this location grow in popularity for many businesses and residents.
“The vibrancy and contemporary character coupled with the wide range of high-quality amenities and services makes this location a desirable environment for young professionals and empty-nester occupiers”.
The 58 sq m unit is located on the ground floor of a near-new complex which is further supported by a secure rental bond and anchored by the Quest Apartments. Tenanted by long standing and established Craft Café, the passive asset returns $34,880 net per annum plus GST.
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Located alongside Victoria Park, Barragar says it’s only a short walk to Victoria Park Market, Wynyard Quarter and Viaduct Basin. “Access to motorway on and off ramps are within minutes’ from the property and main transport links are also nearby.” He says, “It’s also only a 10-15 minute walk to the Auckland CBD and Britomart Transport Centre.”
Barragar says that the surrounding neighbourhoods like Ponsonby, Herne Bay and Freemans Bay, are some of the most affluent in New Zealand. “In recent times these areas have seen an increase in population density as more intensive residential development takes place. This residential growth will result in increased retail demand as the location gains further momentum.”
The Stratum in Freehold property is favourably zoned Business - Mixed Use according to the Auckland Unitary Plan. “The zoning is typically located around centres and along corridors served by public transport and acts as a transition area in terms of scale and activity between other zones,” Barragar says. "The zone provides for residential activity as well as smaller scale commercial activity that does not affect the function, role and amenity of centres.”
“This is a perfect opportunity for a purchaser to own a secure bottom drawer investment with good rental upside in an excellent location.”
