10 Year Industrial Investment

4a, Fraser Street, Port Whangarei, Whangarei

Expressions Of Interest

Proposed Usage
Industrial
Floor Area
4872.00 m²
Land Area
11020.00 m²
Description:
Property ID
1c6zv2d

Enticing yields with a long term 10 year head lease of $440,000 per annum.

- Tenanted investment returning $440,000 per annum net
- Head tenant is Donovan Group NZ Limited, with current 10 year term up for renewal on 1 September 2029
- Two Rights of renewal of 5 years each. Final expiry 31 August 2039.
- Sub-tenants include Roofing Industries who have a strong 10 year lease with Donovan Group
- Plenty of yard space for parking, storage and access
- Large, flat industrial section located in an established industrial hub
- Exciting developments in surrounding areas

It is rare for an industrial investment of this strength and scale to come to the market in Whangarei, where there is a restricted supply of industrial land and long term, high quality tenanted investments.

Originally built for New Zealand Yachts and now the home for manufacturing arms of Donovan Group and Roofing Industries, this property presents an excellent opportunity to purchase a reliable income stream.

Located in the industrial hub of Port Whangarei, only 3.6 km to the CBD, 4.4 km to State Highway 1 and only 800m to the future Port Nikau Village development.

Phone Megan today.

Enquire about this property

Port Whangarei Area