Industrial Investment - Returning $49,500 net p.a.

6C, Henderson Place, Penrose, Auckland City

Price On Application

Proposed Usage
Industrial
Floor Area
363.00 m²
Description:
Property ID
1c3xvk5

Industrial Investment - Returning $49,500 net p.a.



***SOLE AGENCY***

Small and functional industrial investment for sale in the heart of Penrose/Onehunga in a popular unit complex.

A new 4 year lease is in place with further rights of renewals after that, returning $49,500 net p.a. Currently occupied by New York Bagels who do all their food manufacturing in a contained and encapsulated food grade fit-out.  Should the Tenant ever move on, the food-grade fit-out will go with them reinstating the building back to generically shaped warehouse. 

INVESTMENT HIGHLIGHTS

- New 4 year lease with further rights of renewals 

- Returning $49,500 net p.a plus opex plus gst

- 363m² Net Lettable Area 

Penrose/Onehunga is arguably the most sought after industrial location in Auckland due to its centrality and accessibility to all parts of Auckland. With vacancy in the area sitting around 1% and rental rates continually rising, this area experiences some of the better capital growth of all the industrial precincts and is always a highly contested location amongst industrial users. 

This is for sale by negotiation so first in, first served! Contact the sole agents to arrange an inspection and for access to all due diligence information 

Enquire about this property

Penrose Area