This light industrial zoned premises in Papatoetoe is the perfect investment to add to your portfolio. On offer is a 578m² building sitting on a 1,410m² regular shaped freehold site. There is a 3-year lease with a 3 year right of renewal to an established tenant. Currently returning $90,000 net per annum + GST, the lease also features favourable market rent reviews every 2 years.
The clear span warehouse is split into two areas with a main warehouse and lower stud factory with access through multiple roller doors. The warehouse comprises of steel structural frame with concrete foundations and flooring. The functional layout also includes an office with associated amenities which present to a reasonable standard. A private sealed driveway provides ample space for access and carparking.
Papatoetoe is a growing industrial area, with nearby staff catchment and continued development.
Freehold industrial investments in this affordable price bracket are hard to come by, so contact the sole agents today to arrange an inspection.
Features:
* 578m² total building area
* 1,410m² regular shaped freehold site
* 3-year lease to an established tenant
* Favourable market rent reviews
* Fenced and secure site
* Multiple roller doors
* Light Industry zoning