CBRE: Blue Chip Tenanted Investment

75, McLaughlins Road, Wiri, Manukau City

By Negotiation

Proposed Usage
Industrial
Floor Area
9000.00 m²
Description:
Property ID
1c5mj3c

If you are looking for an investment that has all the right fundamentals then this is it: 75 McLaughlins Road, Wiri.

*Location:
- Superb situation to the motorway in the bustling industrial area of Wiri. Close to Wiri Inland Port.
- High demand location provides sold land value appreciation.

*Property:
- 9,000sqm land zoned Heavy Industry including 5,381sqm fenced yard benefiting from full concrete yard, 150mm thick reinforced concrete slab with 30MPA rating. Also dual access, large power supply, and weighbridge.
- Zoning and onsite improvements have long term attraction for businesses.

*Tenant:
- Waste Management NZ Limited, have invested circa $400,000 directly into site improvements (and to be yielded to the landlord at no cost upon final lease expiry = upside).
- $3.85m Government-funding provided to Waste Management for specialised on-site machinery, equipment and set up.
- https://www.wastemanagement.co.nz/for-business/products/tyre-recycling

Government-back facility to solve NZs problem of end-of-life tyres (3 million per annum) otherwise going to landfill.
- http://www.mfe.govt.nz/more/funding/waste-minimisation-fund/profiles-of-funded-projects/tackling-problem-of-used-tyres-new
- Instead, this green operation uses high-tech equipment to shred tyres into pellets, which are then transported off-site and used by Fletchers Golden Bay Cement kilns for fuel (further $13.5m Government backed initiative).

- 9,000sqm freehold site
- 5,381sqm leased to Waste Management
- Returning $181,708 (as at 1 July 2019). Strong fixed growth.
- Zoned Heavy Industry
- The incumbent land value of the asset exceptionally supports the investment pricing
- Land bankers dream with strong lease

https://www.youtube.com/watch?v=xqp5T7eniIM

Call the Sole Agents for the IM, Deed of Lease, and access to the Property File.

Paul Steele
021 494 111
paul.steele@cbre.co.nz

OR

Vinay Patel
021 38 25 25
vinay.patel@cbre.co.nz

Listing ID: 19180807Q2

For more options, visit:
propertyconnector.cbre.co.nz

Enquire about this property

Wiri Area