A new distribution centre, to be built in the rapidly expanding Hobsonville precinct for a globally-renowned, high quality power tool company, is for sale exclusively through CBRE.
The tenant will occupy the property, at 10 Te Ahurea Street, for an initial eight-year lease on completion of the build. This offers investors the enviable covenant of a global household name in the construction sector, with the ability to cater to its long-term operations and projected expansion.
Warehouse A includes an 8000sqm (approx.) extra-high stud warehouse with a large drive-through breezeway. The Te Ahurea Street frontage will feature a glazed facade, with a ground floor showroom and 756sqm (approx.) of corporate-grade office space on the first floor.
Warehouse B will include a 3223sqm (approx.) warehouse with a canopy, offices and a large yard area. Both buildings will accommodate more than 100 carparking spaces.
Construction will commence in October 2024 and be ready for early fitout late December 2026.
• Strong tenant covenant
• Total land area 20,485sqm (approx.)
• Total building area 15,367sqm (approx.)
• Completion date 2026
• 5 star green rated
• Fully leased rent roll $3.52m (approx.) per annum net
For Sale by International Expression of Interest closing Wednesday 13 November 2024 at 4:00pm NZST (unless sold prior).
