SOLE AGENCY
Located on Neilpark Drive in the heart of East Tāmaki, this property boasts a functional warehouse and office with a generic layout. Sitting on a 2,460m² freehold regular shaped site in the sought after East Tāmaki location. This heavy industry site provides dual access, fully fenced with the ability to be split with multiple roller doors. The property is one turn to SH1 while benefiting from the amenities Highbrook Business Park provides.
The property is leased to an ASX listing tenant DGL Manufacturing Limited, returning $240,000 net per annum plus GST. The lease includes three-yearly market rent reviews and a final expiry of 30 November 2034. The next market rent review is December 2025 which will provide investors potential upside.
The building provides an original structure of 907m² and the newer warehouse at the rear features 553m². The warehouse has multiple roller door access at the front side and back of the property. There are two road front office areas totalling 81m² which present to a modern standard and allow the property to be split in the future. There is a spacious yard providing ample space for carparking and vehicle movements.
Features:
* ASX listed tenant
* 6-year lease from December 2022
* Premium industrial location
* 2,460m² standalone freehold site
* Dual access and fenced
* Returning $240,000 net p.a. + GST
* 2 x 3 years rights of renewal
* Heavy Industrial zoning
