Bayleys are pleased to offer to the market for sale this prized industrial investment at 6-8 Inanga Street, Hobsonville.
A brand-new 2,657sqm industrial building, purpose-built for New Zealand’s largest general insurer IAG – Repairhub has all the features of an A-grade industrial asset.
Returning $565,109pa net on a new 10-year lease, the standalone asset sits on a 4,721sqm (more or less) freehold title.
The high stud warehouse is clear span, regular in shape and is accessed via three motorized roller doors with a 10.5-metre stud height at the knee.
The property also benefits from ease of access with two street crossings, low site coverage, a secure yard area and being a complete drive-around facility.
The offices are split over two levels with air conditioning throughout.
Investments of this calibre rarely present themselves to the open market. Be quick to receive an information pack and arrange viewings via the joint sole agents
Key features include;
• Brand new standalone industrial investment
• 10-year lease in place with rental growth
• Extensive tenant fit-out installed
• Returning $565,109.80pa + GST and outgoings
• A+ seismic rating
• High stud warehouse accessed via three roller doors
• Secure yard area as well as a complete drive-around facility
• ASX listed Tenant IAG – Repairhub
• 500 AMP power supplied to the site
• Low site coverage with excellent warehousing-to-office ratios
For sale by Deadline Private Treaty, closing 4pm Thursday the 21st of March 2024 (unless sold prior).
All inspections or site visits are strictly by appointment only.