For Sale is this compelling investment, offering an 8-year initial term, yielding an annual rental income of $288,400 net + GST. The lease structure is well-designed, featuring built-in 3% annual rent increases, and periodic market rent reviews every four years.
Situated on an expansive 2,592sqm freehold title, 47 Huia Road showcases a generous building area spanning 1,450sqm. This property offers favourable warehouse-to-office distribution and presents an array of attractive features, including an impressive 8m stud height at the apex, 15 dedicated car parks, exclusive yard area, convenient access to the warehouse via four roller doors, and an advantageous light industrial zoning. Notably, the property underwent an extensive refurbishment of exceptionally high quality in 2022, enhancing its overall appeal and functionality.
• 2,592sqm Freehold Title
• 1,450sqm Floor area
• Returning $288,400 p/a net + GST
• 8-Year initial term
• Fixed 3% annual rent increases + periodic market reviews
• Ideal warehouse to office ratios
• Extensive Refurbishment
• Light Industry Zoned
With a strong tenant covenant and guaranteed rental growth, this property is a must-view for all property investors.
For all due diligence information or to arrange an inspection, call the sole agents today:
Henry Mann
021 191 1260
[email protected]
Flynn Mann
027 956 2681
[email protected]
Chad Greer
022 650 8044
[email protected]
