Prime industrial investment - 2.5% rental growth

E/132, Cavendish Drive, Manukau, Manukau City

Auction

Proposed Usage
Industrial
Description:
Property ID
1c50z7c

• High profile location on Cavendish Drive with ample parking
• New eight year lease
• 588m2 (more or less) - showroom, office and warehouse
• Modern tilt slab unit amongst quality neighbouring tenancies
• Returning $125,725pa plus GST and Outgoings with fixed rental growth of 2.5% per annum
• Well entrenched and established tenant

Located in the commercial precinct of Manukau, the property encompasses a modern 2000's era industrial unit. Featuring a total floor area of 588m2 (more or less), the property has been reconfigured to comprise two levels of showroom / office accommodation with an attached warehouse at the rear for goods access.

Currently tenanted to a Bathroom and Tile business, on a brand new eight year lease with fixed annual rental growth, should appeal to astute, industrial or retail investors alike.

Being highly visible on Cavendish Drive and in close proximity to major transport networks, investors should take advantage of Manukau's continual growth and strong business sentiment.

For further information, please refer to: http://www.propertyfiles.co.nz/property/1902009

Call the agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Janak Darji
021 047 1290
janak.darji@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Enquire about this property

Manukau Area