Retail Property for Sale at
Te Aro, Wellington City

By Negotiation + GST (if Any)

Contact the Agent

Investment, Long Term Lease to "Lonestar"

An outstanding corner site, close to the harbour and within a popular entertainment precinct of Wellington's CBD. This renowned restaurant and bar occupies part of the ground and first floor. The popular "Lonestar" is a well established institution in New Zealand with 27 franchised restaurants throughout New Zealand. View at www.lonestar.co.nz

Lonestar is currently within a renewed term of 10 years expiring in 2021 (+ two further Rights of Renewal of 10 yrs and 5 years each). Rental returning $202,154pa* + GST + outgoings.

An excellent lease with annual rent reviews providing excellent built in growth plus personal guarantees for added security. The building was strengthened in 2001 and has been assessed at 40% NBS. The Body Corp is currently looking at strengthening it further. (* approx)

Call Adrian Raine 021 344 246 for further information.

Price for Sale: By Negotiation + GST (if any)

Te Aro WLGTON-MNWTU 6011 NZ

Property features

Agent Reviews

F Thompson

Adrian was very professional and kept up good communication. He negotiated with tenants on our behalf and was able to secure good tenants by recommending some changes to units

Lorraine Y

I regularly use Adrian Raine with leasing properties or buying, he makes all options available to me without being too pushy, and is totally honest. Our association goes back years.