Leasehold Investment

Mount Wellington, Auckland City

Price On Application

Proposed Usage
Industrial
Floor Area
2596.00 m²
Description:
Property ID
1c3y44q

Central location in Mt Wellington being close to the CBD and arterial roads.

Building area totals 2,596 sqm comprising:

Warehouse 2,194 sqm
Offices 320 sqm
Mezz. storage 49 sqm
DG store 33 sqm

- 6 year lease to 30.06.2024 with a right of renewal to 31.12.2029
- Annual rent increases
- Current annual rental from tenant, $270,000 plus GST & outgoings
- Annual ground rent to land owner $113,088 fixed to 01.01.2030
- Perpetual lease with ground rent reviews every 21 years

Mount Wellington is the pre-eminent industrial location in Auckland. What it may lack in size it makes up for in a gold star location. Mount Wellington may be constrained by a lack of development land but being at the doorstep to State Highway 1 it is well positioned for your business activity. It also boasts supporting amenities and public transport at Sylvia Park which makes it an ideal location for your people. Mount Wellington is 12kms to the Auckland CBD and Ports of Auckland and a further 6 km to the Auckland Airport.

Please contact Ron Green to discuss the above property or give us a call and we can talk in more depth about other opportunities within the Auckland Area.

Ron Green
0274 723 330
ron@commercialrealty.co.nz

Or refer to www.commercialrealty.co.nz for a comprehensive range of listings as we don't advertise all our listings on external websites.

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Mount Wellington Area