This opportunity comprises a multi tenanted property providing mainly Light Industrial units. Plenty of opportunity to add value here and create a high yielding asset. A total building area of just over 2,040sqm spread over multiple units.
There are two main building areas, the standalone building of approx 1,007sqm is fully leased with some excellent anchor tenants including Trusty Steel, Unity on our Community and Lifestyle Animal and Pet Supplies. There is also a consented apartment which is leased. Total rent for this building is $105,029.65 per annum + GST.
The second building which sits on the corner of Swanson Road and Airdrie Road, comprises approx 1,032 sqm and is split into multiple tenancies. Whilst there are some monthly and periodic leases in place, all of these units could be made vacant if required. The building comprises some tidy warehouse and office areas which are currently vacant, some consented apartments and a workshop currently occupied by West Auckland Motor Services. There is also a 200sqm unit which is fitted out with self-storage lock up units. A purchaser could continue this business or create another useful warehouse space.
Total current net rent over the combined buildings is circa $183,800.08 pa, the prospect of substantially increasing the rental return on these buildings is high.
There is opportunity to lease up the various vacant areas and regear some of the leases. Get stuck in and reap the rewards.
For more information, or to book a viewing, contact our West Auckland experts today!
Features:
* Add-Value Opportunity
* Current Rent Circa $183,800.08 per annum + GST
* Total NLA of 2,039.10m²
