The development is situated on the corner of Swanson and Airdrie Roads. Swanson Road is an arterial route for the locality. Development in the area is industrial in nature with a range of industrial type users and yards. The offering comprises three of a total of four unit titles situated within a unit title complex
The property is being sold on the basis of: “Buy one, two or buy all the titles” whereby offers can be made on any of the individual titles or on all combined. There is significant potential add value opportunity in the form of leasing up the various vacant areas, refurbishment, regearing leases and also the opportunity for owner occupation in parts.
The property comprises a multi tenanted mixed use property providing mainly Light Industrial units. The tenancy mix comprises of warehouse, retail, storage units and residential tenants.
Unit A comprises mainly a Showroom/Workshop with Grasslands as the longstanding tenant, a small busy tenanted lunch bar and a tenanted residential flat above.
Unit B comprises two areas of Warehouse/Workshop. One is tenanted and the other is vacant.
FDU 1 is the largest title and comprises circa 12 areas across two main building structures.
The standalone building situated to the rear of FDU 1 houses three main tenants: Trusty Steel, Unity in our Community and Lifestyle Animal and Pet Supplies.
The road frontage building on FDU 1 which wraps around the Swanson Road and Airdrie Road corner comprises a number of industrial units, one being leased to West Auckland Motor Services, one vacant warehouse with accommodation above, a warehouse area of approx 200sqm currently set up as self-storage units and leased to a number of occupants and some consented apartments and storage areas.
For more information or to book a viewing, please contact the Sole Agents today!
Features:
* Split-Risk Opportunity
* 2,656.60m² Building Area
* Returning $299,557.44 p.a. net
* Add-Value Opportunity
* Ideal Location
* Flexible Purchase Options - Buy 1, 2 or 3 titles
