Split risk high profile industrial investment
100, Princes Street, Onehunga, Auckland City
- Proposed Usage
- Floor Area
- 911.00 m²
- Auction Date
- 11:00 - Jun 26, 2019
- Property ID
• Two new lease terms of six and four years returning $107,500pa + GST
• Refurbished building with 70 NBS%
• 1,067sqm (more or less) freehold site
• High profile position in sought after Onehunga locality Situated on Princes Street, Onehunga the property represents a fantastic opportunity to invest in a refurbished building with a strong lease profile and assurity of income making for a low risk purchasing option for the discerning investor.
A functional workhorse logically split into two tenancies, the demand for space of this nature underpins the sound investment attributes of the property with industrial vacancy in the area, one of Aucklands most sought after at all time lows. Future rental growth through the contracted lease terms leaves future upside in the asset for a savvy purchaser to realise.
A well presented freehold industrial with a strong WALT in Onehunga this is not to be missed.
Please note that the boundary lines in the photographs are indicative only.