Industrial investment - guaranteed rental growth

11, William Pickering Drive, Albany, North Shore City

Price On Application

Proposed Usage
Industrial
Floor Area
1250.00 m²
Land Area
3158.00 m²
Description:
Property ID
1c59gyy

• A standalone industrial building in a busy and popular location
• Currently returning $225,000pa + GST and outgoings with a rental increase in June 2019
• Dual site access with multiple roller doors to the warehouse and air-conditioned offices

With industrial investments hard to find, this fee simple property with development potential is worthy of your attention.

Benefiting from road frontage to William Pickering Drive as well as access off Te Kea Place, this property is situated in a highly desirable location in a tightly held estate.

Leased to Landscape Solutions Pty Limited, the secured yard area and parking at the rear of the site suits this tenant down to the ground.

With a low site coverage and rental increases due shortly, this property will be a good addition to any portfolio.

Tenancy Details:
Name of Tenant: Landscape Solutions Pty Limited
Term of Lease: Five (5) years
Commencement Date: 5th June 2017
Rights of Renewal : Three (3) further terms of five (5) years
Net Rental: $225,000pa + GST and outgoings

For Sale by Deadline Private Treaty (unless sold prior)
4pm, Thursday 16th May 2019
29 Northcroft Street, Takapuna, New Zealand

Enquire about this property

Albany Area