Standalone Industrial on a New 8 Year Lease

6, Mahia Road, Manurewa, Manukau City

$2,050,000

Proposed Usage
Industrial
Floor Area
900.00 m²
Land Area
1457.00 m²
Description:
Property ID
1c5gcct



Situated on a freehold site of 1,457m² the property comprises a standalone industrial facility of approximately 900m² and is located on the busy Mahia Road.

The facility is made up of a, showroom and associated offices and amenities over two levels. The remainder of the site consists of sealed yard, a rear canopy and on-site parking.

Currently returning $144,000 net pa + GST on a new 8 year lease to a quality tenant, this investment benefits from guaranteed growth with 2.5% increases two yearly and a market review in four years.

The property is positioned on Mahia Road which is within the south-west corner of the industrial area within Manurewa. With a mixture of residential and small to medium scale industrial sites surrounding the site, this property enjoys the best that both have to offer.

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Manurewa Area