7 Airborne Road, Albany, North Shore City

7 Airborne Road, Albany, North Shore City Albany Dual-Tenancy Industrial Investment

Colliers are proud to exclusively offer 7 Airborne Rd, Albany, to the market for sale by Deadline private treaty, closing Tuesday, 4th October 2022.

 

Dual tenancy freehold industrial assets in Albany are a rare find!  

 

7 Airborne Road comprises of a standalone and split tenancy industrial building, sitting on a highly exposed 1,603sqm freehold title, in the tightly held Albany industrial estate.

 

The combined rent for the 1,277 sqm modern facility is $239,720 pa net + GST. 

 

• Multinational tenant, “Gencom”, returns $136,220 pa net, has occupied the 686 sqm road front tenancy since the buildings construction in 2003, and has a final lease expiry in July 2023. (There is an opportunity to negotiate new terms with Gencom who have expressed interest to extent their lease. Owner occupiers may also consider this space, and have a rental to the rear, or expand into this space in the future.
• National tenant, “The Saddlery Warehouse”, returns $103,500 pa net, and occupies the 591sqm rear tenancy, with an upcoming lease renewal in July 2023 for a further 4 year term.

Airborne Rd is a central location and low vacancy industrial area, which benefits from easy access to both SH16 and the Northern Motorway.

 

Both investors and occupiers should seriously consider this asset. The vendor has given clear instructions to “present all offers!” 

 

Call the Sole Agents for further information:

 

Matt Prentice 021 464 904  l  Shoneet Chand 021 400 765

Features:

* Dual Tenancy industrial investment

* Total return: $239,720 pa net + GST

* 1,603sqm freehold title

* Total area: 1,277 sqm warehouse / office

* 23 onsite carparks

* Low vacancy location

* 100% IEP rating (Seismic)

* Occupiers & investors must consider