High Yielding Tenanted Investment

Auckland City

By Negotiation

Proposed Usage
Industrial
Floor Area
2595.00 m²
Description:
Property ID
1c517p7

This sought after tenanted investment situated in an iconic part of Mount Wellingtons 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 years will see this well engrained and established tenant for many years to come.


Key Areas
- 3,968sqm land area zoned Heavy Industry
- 2,194sqm warehouse
- 368sqm office & amenities
- 33sqm dangerous goods area

Key Features
- New 6 year lease with a right of renewal of 5 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.


This property is available for sale via Deadline Private Treaty closing Thursday 4 April 2019 at 4pm (unless sold prior). For more information or to arrange an inspection, please contact the Sole Agents below:

Chad Greer
022 650 8044 or (09) 573 3333
chad.greer@cbre.co.nz

OR

Paul Steele
021 494 111 or (09) 573 3333
paul.steele@cbre.co.nz

Listing ID: 19211977A1


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Auckland City Area