• Sought-after investment in the tightly held Pakuranga industrial precinct
• 4,047sqm of freehold light industrial-zoned land
• Entrenched tenants occuping 2,510sqm of buildings
• Total rental income of $357,733pa net + GST
This exceptional offering presents a rare opportunity to acquire a substantial 4,047sqm freehold site in Pakuranga’s desirable industrial precinct - a tightly held area where passive, split-risk investments of this calibre seldom come to market.
The property benefits from two established tenants, providing secure, passive income with a combined rental of $357,733 net + GST annually. Signature Rugs Limited occupies 13 Ben Lomond Crescent with a recently renewed four-year lease, while Howick Gymnastics Club Limited occupies 15 Ben Lomond Crescent and has renewed for a further four-year term beginning 1 February 2025.
Both tenants are well-established and committed to the site. The current vendor has completed capital upgrades, including new roofing on both buildings, ensuring structural integrity. The large rear yard and ample parking offer opportunities for enhanced amenities or future development, adding long-term value to this investment.
Tim Bull
+64 21 127 1831
[email protected]
Tom Doyle
+64 21 062 6261
[email protected]
James Hill
+64 21 599 529
[email protected]
