High Yielding Tenanted Investment
- Proposed Usage
- Floor Area
- 2595.00 m²
- Property ID
This sought after tenanted investment situated in an iconic part of Mount Wellington’s industrial precinct is ideal for investors looking for a high yielding return.
This prime corner site property has housed the current tenant for over 10 years and with their recent uptake of a new 6 year lease with a right of renewal of 5 ½ years will see this well engrained and established tenant for many years to come.
- 3,968sqm land area – zoned Heavy Industry
- 2,194sqm warehouse
- 368sqm office & amenities
- 33sqm dangerous goods area
- New 6 year lease with a right of renewal of 5 ½ years to a well-established tenant
- 2% fixed annual rental increase with a market rent review year 3 years
- Landlord has recently spent $30,000 on improvements
- Heavy Industry zoned land – rare.
- Corner site
Mt Wellington is the pre-eminent industrial location in Auckland being only a 15 minute drive from the CBD, with efficient motorway interchanges and high volume traffic arterials in addition to its close proximity to main sea, air and freight ports. Furthermore, it boasts fantastic supporting amenities anchored by the Sylvia Park Shopping Centre.
For more information or to arrange a viewing,
please contact our agents and quote the listing ID
022 650 8044 or (09) 573 3333
021 494 111 or (09) 573 3333
Listing ID: 19211977Q1
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