Built in 2018 this is a first-class industrial asset located in the heart of East Tāmaki, Auckland’s premium industrial location. The property has a new 10-year triple net lease from settlement to a well-established NZ owned business (since 1989). A favourable lease structure is in place including fixed annual rental increases and a market review at the mid-year point of 5 years. Adding to the benefits is a triple net lease so the new owner has a hands-off low maintenance stress free investment.
The 2,364m² freehold site sits in one of Auckland’s most desirable and tightly held industrial streets due to its location and quality of buildings along with its locality to SH1, large staff catchments and Highbrook Business Park. The building itself built by renowned construction company Euroclass is a functional mix with 375m² office/amenities over two levels and 1,130m² of 8-9m stud warehouse with access via 2 roller doors.
Added to the building features is dual access from Barmac and Lady Ruby Drive which make it excellent for vehicle and container movements along with providing a fully fenced site.
Contact the sole agents to arrange a viewing and for further information.
Features:
* New 10-year lease to well established business (since 1989)
* Returning $375,000 net per annum on a triple net lease
* 2,364m² freehold site that is fenced and has dual access
* Favourable rent review structure that includes fixed annual increases and market reviews
* One of Auckland's best industrial locations
* Modern functional industrial building built in 2018
