Auckland City Freehold Commercial Unit, Approx 70m2, Quest Hotel Guarantee 10% Return

Auckland City Freehold Commercial Unit, Approx 70m2, Quest Hotel Guarantee 10% Return.

Other Sold - Auckland City

The Quest Hotel 13-17 Mount St, Auckland City – Freehold Office

46sqm Office plus Reception area in main foyer plus 2 storage rooms approx 12sqm each.

The Quest Hotel – 4 star serviced Apartments.
Freehold – currently leased to the Hotel for a 10 year period.
All outgoings are paid for by the tenant
Net income $26,000 per annum
Ground Floor

Lease is currently 2x2x2x2x2 but is being changed to 6x2x2

Building is approx 12 years old
There are a few new building works being done on the building being fully paid for by Fletcher Construction Company being the original construction company who built the building. The new CCC for the building will be issued when that work is finished shortly.

Out Goings:
Rates $2124 pa
Body Corp $2700 pa
Total Out Goings $4824 pa – paid by the tenant

Net Return / Yield
10% per annum
$26,000 Net income per annum

Well managed building with low Body Corp levies
Ideal for investors – great location.

Building is approx 12 years old.
There are new building works being done on the building being fully paid for by Fletcher Construction Company being the original construction company who built the building. The new CCC for the building will be issued when that work is finished shortly.
Perched on one of the highest points in Auckland some of the views are quite spectacular, and whether its business or pleasure each apartment provides all the comforts of home, complete with fully equipped kitchen and laundry facilities
Quest offers serviced apartment accommodation conveniently located where people do business and choose to holiday, from central business districts to suburban and regional areas.