INVESTMENT WITH MAJOR UPSIDE
16, Mahunga Drive, Mangere Bridge, Manukau City
- Proposed Usage
- Floor Area
- 1040.00 m²
- Property ID
16 MAHUNGA DRIVE, MANGERE BRIDGE
For Sale by Deadline Private Treaty: Closing 5:00pm, Wed 27 February 2019 (unless sold prior), Building 5 The Crossing, 60 Highbrook Dr, East Tamaki.
This stunningly located warehouse/office facility, with minimal modification, has for the last five years been leased as a very successful childcare operation.
It has the flexibility at little cost to revert back to an industrial/commercial use.
Because rent increases have been tied to CPI it has resulted in the current rental being 30/35% below market rental and hence offers a future major lift in investment value.
The Mahunga Drive area of Mangere Bridge has become a highly sought after area since the completion of the Waterview tunnel creating excellent motorway access to the CBD and out West.
This is a rare investment offering flexibility of use, a significant lift in future value and a proven tenant on a long term lease.
KEY PROPERTY FEATURES:
• Land area: 2,622m²
• Warehouse/office: 1,040m²
• Zoned Light Industry
• Current rental $146,015 net plus GST
021 812 302