Prime industrial investment - 2.5% rental growth
E/132, Cavendish Drive, Manukau, Manukau City
- Proposed Usage
- Floor Area
- 588.80 m²
- Auction Date
- 11:00 - Apr 10, 2019
- Property ID
• 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
021 995 121
021 047 1290
021 177 3422