JLL have been appointed sole agents to present to the market for sale Unit E, 84-90 Hillside Road which is a 510 sqm industrial unit, part of an 8 unit development in the popular Wairau Valley on Auckland’s North Shore.
The unit comprises a medium stud warehouse with associated offices and amenities that are currently utilized as a boxing gym. The specialist fit out includes additional amenities and a plunge pool which can be easily converted back to a generic industrial premises. The unit is adjacent to a large common car park area which is located at the rear of the development.
Hillside Road is regarded as a prime location in the Wairau Valley due to its convenient access to the Northern Motorway at Tristram Ave.
Ideally the property is suited to an owner occupier who can wait until the current lease expires in November 2024 and benefit from the holding income of $81,213 pa net or an investor that wants to work with the current tenant and restructure the lease.
With record low vacancy rates for industrial property on the North Shore, this investment will stand the test of time.
Key features:
* Sought after location, close to the Northern Motorway
* 510sqm total floor area
* Four car parks
* Invest or future occupancy
* Currently returning $81,213 pa net expiring 30 November 2024
Call the sole agents David Mayhew 021 490 289 or Euan Stratton 0275807439