Joint Sole Agency
Key features:
• Diversified income stream with future value-add potential
• Excellent road frontage to Lambie Drive in central Manukau
• Functional units feature dual-level office with separate entrances and are complemented by functional warehouse space
Available to the market for the first time in over 35 years is this split-risk investment in Central Manukau. Comprising two individual titles, the building configurations lend themselves to multi-tenancies and have a mix of established and recently leased tenancies.
Now fully-leased, the property currently returns $275,088pa net with future rental growth opportunities. The functional units feature dual-level office with separate entrances and are complemented by functional warehouse space, appealing to a wide tenant range.
Located with a strong presence on Lambie Drive in central Manukau, the property benefits from proximity to key arterial routes, transport hubs and a large residential catchment and labour force.
Being sold together, there is future add-value potential through individual selldowns and potential rental growth. This coupled with a strong rental return from a diverse tenant mix make this an attractive investment opportunity.
Tim Bull
021 127 1831
tim.bull@bayleys.co.nz
Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz
