86 Takanini School Road, Takanini, Papakura

Colliers are proud to present a split-risk industrial investment which sits on a corner site in one of South Auckland's most popular industrial catchments. This recently renovated investment with long-term leases provides a safe passive investment with fixed rental increases and regular market reviews. 

This freehold site totals 3,692m² and is zoned Heavy Industry. Investors will be attracted to the functional configuration of the 1,906m² building currently housing a dual tenancy arrangement. Equally, this configuration could easily be converted back to house a single user in the future if needed. The generous yard, multiple roller doors, dual access and corner location will ensure it will always be an in demand property for tenants. 

The warehouse-office ratios in each tenancy are appealing and both tenants benefit from their own exclusive yard areas, which are sealed and secure. The warehouses are of a regular shape, generous stud height and clear-span warehouse. The building has recently been renovated including new LED lighting, paint and carpet in the offices.

The site provides 125m of road frontage and has a direct route to the SH1 onramps and is less than 1min away. Access to other key arterials and public transport, coupled with being on the doorstep of a large labour pool make this location a real draw card for occupiers.

Contact the Sole agents for an inspection and further due diligence. 

Features:

* Returning $322,150 net p.a + GST

* 6 year lease term on the main tenancy & 2.5 years remaining on the smaller tenancy

* Two tenancies (split-risk)

* 3,692m² corner freehold title

* Fixed and market rent reviews