51A Hobson Street, Auckland International Tenant on a Renewed 6 Year Lease

Available PropertyFiles:

  • /Body Corporate Documents /
    • Body Corporate Documents.zip
  • /Certificate of titles/
    • CT.pdf
    • Easement 3236840-1.pdf
  • /Lease Documents/
    • Deed of Lease (2018).pdf
    • Deed of Renewal and Rent Reveiw (2024).pdf

Property Description

•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.

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Matt Lee

Matt Lee

Senior Broker, Asian Markets

09 375 8424   021 1515 505   matt.lee@bayleys.co.nz   All Listings

Matt Lee is a Senior Commercial Broker focused on Development, Commercial Sales and Leasing.

Joining the Real Estate Industry with Bayleys in 2013, Matt was quick to exhibit and develop strong Real Estate brokerage knowledge and skills, as a key part of Bayleys highly successful International Sales Team working closely with James Chan, Bayleys first salesperson to achieve $1 billion in transactions. Specialising in the Commercial sector, Matt was involved in a significant level of Standalone and Unit Title sales and leases all throughout the Auckland region, and in 2020 was promoted to the position of Senior Broker.

From 2021 to 2022, Matt focused on the Development and Project Marketing sector, heading up the Project Marketing Division for a global real estate brand, marketing and selling projects with a combined market value of over $500 million across New Zealand, from development sites, terrace housing, apartments through to sections, and leading a team of 15 specialised project marketing agents.

Returning home to Bayleys in August 2022, has developed a strong understanding of both the local and global markets. Together with Bayleys and their market-leading resources, Matt has his finger on the pulse of real estate property trends and developments, ensuring opportunities are maximised and clients’ assets and expectations are surpassed. A product of the highly regarded University of Auckland, Matt graduated with a conjoint Bachelor of Property and Bachelor of Commerce (with a double major in Marketing and Management) degree. Influenced by his Chinese heritage, Matt values integrity, respect, dedication, hard work and diligence, and he has that willingness to go that extra mile to ensure successful results for his clients.


Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.