•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.
