Deadline sale: Closes on Wednesday 19 March 2025 at 12:00PM (unless sold prior)
Freehold industrial gem with high exposure. The property is close to various amenities and well-connected to all arterial routes, Auckland Airport, and Auckland CBD. This split risk investment is held in one Fee Simple (Freehold) title with 2,023m² of land and includes a two-level front building and a medium-to-high stud warehouse at the back. The two buildings are connected by a door with a ramp, with a total gross floor area of approximately 1,327m², plus a big yard and car parks.
The property has three commercial tenancies returning $249,508 + GST per annum, with the lease finishing at the end of this year for the front building. Option for owner-occupiers to acquire a building with income from the rear building and yard.
KEY FEATURES:
• Business - Light Industry zone
• Land - 2,023m²
• Building - 1,327m²
• Two buildings
• IEP - 90% and 70%
• Lease - $249,508 + GST per annum