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For sale by Deadline Private Treaty, offers closing 4pm, Tuesday, 12 November 2024 (unless sold prior).
This high-profile industrial property represents an outstanding investment opportunity in the heart of Wiri. The long-term lease is underpinned by one of NZ's leading construction and infrastructure companies, HEB Construction. The lease combines fixed annual growth with market rent reviews and a 12-month gross rent Bank Guarantee.
Wiri is an established and highly sought after industrial precinct with many large-scale industrial operators including The Warehouse, Frucor, Progressive Enterprises, Americold and Visy. The precinct is well connected to Auckland’s motorway network providing excellent access north and south on SH1 and west on SH20 via the Waterview Tunnel.
This will make an excellent addition to any portfolio. Contact the sole agents for more information.
Features:
* 6,747m² net lettable area
* Freehold site of 15,310m²
* Corner site with exposure to Wiri Station Road and Plunket Avenue
* Wiri is an established and highly sought-after industrial location
* 9 years remaining on the lease with 3 x 5-year rights of renewal
* Currently returning $1,341,214 net p.a. + GST
* Annual fixed rental growth with market reviews 5-yearly
* HEB Construction Limited have been in business since 1975