High calibre investment
120, Wairau Road, Wairau Valley, North Shore City
- Proposed Usage
- Floor Area
- 860.00 m²
- Land Area
- 1525.00 m²
- Auction Date
- 11:00 - Jul 03, 2019
- Property ID
• Prime road front freehold industrial investment
• New six (6) year lease to national tenant
• Returning $179,327pa + GST and outgoings
• Highly sought after tightly held high growth location
Situated on the Wairau Valley's main arterial Wairau Road, the property benefits from excellent exposure and profile in this premium location. A functional showroom, office and storage building, the property is currently tenanted by the Tile Warehouse a recognised national brand who have been in occupation for 24 years and have recently recommitted to a renewal for a further six years providing an excellent income profile. The Wairau Valley is a bustling commercial hub located in the centre of the North Shore with immediate access via Tristram Avenue to Auckland's motorway network. The area is home to a range of businesses and popular brands that underpin the precincts commercial desirability including Mitre 10, Bunnings, Tristram European, Supercheap Auto and Repco.
Strong investment assets are hard to find in a tight market and a combination of lease tenure, tenant covenant and seismic profile (75% IEP) will not only keep the bank manager happy and provide the next lucky owner with the peace of mind of a sound investment in a proven location.