Colliers are proud to offer 19 Portage Road, New Lynn to the market for sale – A multi tenanted add-value opportunity within the tightly held New Lynn industrial precinct.
Offering six tenancies across two building structures, the solid concrete block buildings provide approximately 2,176m² of net lettable area. Each tenancy varying in size, creating flexible arrangements for tenant requirements in the future.
The building is currently returning $377,729 pa net. Astute investors will note that there is likely to be strong rental growth in a tightly held location such as this.
The underlying land, zoned light industrial totals 3,607m², providing rare scale in a tightly held area. This New Lynn pocket is one of the closest industrial zoned areas to the Auckland CBD being a 17 minute drive to the city centre and having excellent accessibility to the motorway network.
There is a large residential catchment surrounding the property that brings scope to the local leasing market.
This is an opportunity that will suit add-value investors who understand the scarcity of such land and multi tenanted opportunities.
Call the sole agents today for an inspection or further information.
Matt Prentice 021 464 904, Jack Tuson 027 448 1148 and Nelson Raines 021 555 673
Features:
* Total land area: 3,607 sqm
* 2,176 sqm net lettable area
* Six tenancies varying in size
* Currently returning $377,729 pa net
* Significant rental upside
* Popular low vacancy location
* Split risk investment
* High profile position
* Sole Agency