HERTITAGE HOTEL’S GRAND TEAROOM FOR SALE

The 539sq/m top floor at 35 Hobson St is being put on the market, with investors, owner occupiers or developers being given the chance to own an ornate slice of Auckland history.

The Grand Tearoom atop the Heritage Hotel in Auckland’s CBD has been operating as a function centre since the 1990s but has previously been a warehouse and a tearoom for shoppers at the Farmers which formerly occupied the site. The property includes four carparks  and is generating a net annual rental income of $300,000.

The floor is for sale by international tender closing on April 21, and is featured in the latest Bayleys’ Total Property portfolio.