Auckland’s Premier Commercial AddressBEST IN NEW ZEALAND

For Sale

Auckland’s Premier Commercial Address

Property Address:

Property ID: 10

Deloitte Centre - 80 Queen Street, Auckland , New Zealand

Description:

The Property is a prestigious new 23 level commercial office building, due for completion in January 2010. It is fully leased to Bank of New Zealand for 15 years; Deloitte for 12 years and True Alliance for 8 years (part ground floor retail).

Features

  • All leases have 3% p.a. compounding annual rent escalations
  • Building has a certified 5 star green rating for design
  • New Zealand – no stamp/conveyance duty or capital gains tax
  • Exceptional core CBD location, long term leases with outstanding covenants and a building specification commensurate with its premier status

Specifications

Freehold land area 2061 sq m / 22,184 sq ft
Total Net Lettable Area (subject to final measurement) 23,780 sq m / 255,965.5 sq ft
Four basement car parking levels 170 car parking lots
Basement storage and showers 178 sq m / 1,916 sq ft

Key Tenancy Details:

Tenant Lease Term Net Rental Income
p.a. Excl.GST
Bank of New Zealand 15 yrs + 2 six yr. rights of renewal and one right of 7 yrs 5,883,250 (NZ)
Deloitte Services Ltd 12 yrs + 2 six yr. rights of renewal 6,704,460 (NZ)
True Alliance(NZ)Ltd 8 yrs + 1 six yr. right of renewal 860,554 (NZ)
Total Net Rental 13,498,264 (NZ)

For further details contact:

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