Industrial investment - guaranteed rental growth
11, William Pickering Drive, Albany, North Shore City
Price On Application
- Proposed Usage
- Floor Area
- 1250.00 m²
- Land Area
- 3158.00 m²
- Property ID
• 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.
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